South Korean stocks plunge, erasing AI rally gains as chip selloff deepens

MarketsUnwinding of AI-linked trades sends warning signals across Japan and TaiwanStock in SK Hynix dropped on July 29 despite the South Korean company announcing robust earnings earlier in the day. © ReutersJADA NAGUMOJuly 29, 2026 17:43 JSTTOKYO -- South Korean stocks accelerated their recent declines on Wednesday, w

The gains came even as India's IT sector continues to face headwinds, including subdued discretionary technology spending, pricing pressure, higher employee costs and uncertainty over how artificial intelligence could affect conventional outsourcing revenues.

Korean retail investors have racked up heavy losses from leveraged bets on stocks, following rule changes earlier this year.

Morning Bid: Chip rout moves into pAnIc territory  Reuters

A global rout in chip stocks plunged the Nasdaq into correction territory on Tuesday just hours after South Korea’s bourse was forced to halt trading, in a sharp change of fortunes for what has been one of the year’s top performing exchanges. New York’s tech-heavy index fell nearly two per cent at the US market…

Just weeks after driving major indexes such as the S&P 500 and Nasdaq Composite to record highs, semiconductor stocks are taking a beating once again.

It’s a chip panic that “appears to be indiscriminate,” analysts say.

Dow Rallies While Chip Stocks Slide  WSJ

South Korean stocks crashed more than 10 percent Tuesday as investors sold off tech shares on intensifying doubts over the future of large-scale investment into artificial intelligence infrastructure. The local currency strengthened against the US dollar. The benchmark Korea Composite Stock Price Index lost 732.09 poin

TOKYO (Kyodo) -- The Nikkei stock index plunged over 4 percent early Tuesday as semiconductor-related shares tracked losses by U.S. counterparts amid

By Peter Egwuatu  The Nigerian stock market maintained a bullish run Week-on-Week, WoW, on renewed demand for large-capitalised stocks pushing the benchmark Nigerian Exchange Limited, NGX All-Share Index (ASI)  to 247,357.40 points. The positive reading reflected the stronger investor appetite for selected blue-chip an