Asian stock markets tumble as tech sector faces sell-off
Story essentials
Stock markets in South Korea, Japan, Taiwan
Asia
July 28, 2026
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COMPAMIR Editorial Team
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Read our editorial policy- Earlier version 17/28/2026, 12:41:02 PM
South Korea's KOSPI index fell nearly 11% on July 28, 2026. Semiconductor stocks led the decline following reports of China's breakthrough in chip manufacturing. Global tech sell-off continues as investors question the returns on AI investments.
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Asian semiconductor stocks decline following U.S. market weakness
Asian technology stocks, particularly semiconductor firms, saw significant declines. SK Hynix, Samsung, and Japanese chip manufacturers reported sharp losses. Analysts view the sell-off as a market correction rather than a fundamental deterioration.