AI sell-off intensifies as investors ditch chip stocks
Samsung and SK Hynix fall by more than 10% amid renewed fears over AI spending and Chinese competition
https://www.theguardian.com/business/live/2026/jul/28/ai-sell-off-chip-stocks-slump-market-south-korea-japan-economy-latest-news">Business live – latest updates
The sell-off in AI stocks has intensified, driving South Korea’s stock market down to its lowest level in three months.
Investors continued to ditch chip stocks on Tuesday, amid rising concerns about the huge amount of borrowing among AI companies to fund their datacentre expansion plans.
https://www.theguardian.com/business/2026/jul/28/ai-sell-off-chip-stocks-sk-hynix-samsung">Continue reading...KOSPI Crashes Over 10% in Chip Rout
- Bourse operator issues circuit breaker for KOSPI on sharp fall Korea Times —
- AI stock sell-off continues as investors dump chipmakers Financial Times —
- (2nd LD) Seoul shares crash over 10 pct on heavy tech selloff amid AI skepticism Yonhap News Agency —
- World shares are mixed, while South Korea’s Kospi sinks nearly 11% on heavy selling of chipmakers The Philadelphia Inquirer —
- Chip stocks are in freefall from Seoul to Wall Street. Amazon, Meta, and Microsoft report this week Quartz —