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Tue, 28 Jul 2026

Tue, 28 Jul 2026 Chip firms fall in US and Asia as AI jitters rattle investors

Trading on South Korea's Kospi index was paused temporarily on Tuesday morning after sliding by 8%.

* Samsung Electronics and SK Hynix, two key technology companies, have seen their stocks fall by over 10%.
* The slump has been led by tech firms, with Nvidia's shares also falling by 5% on Monday, causing it to lose its position as the world's most valuable listed company to Apple.
* Trading on South Korea's Kospi index was paused temporarily after a slide of 8%, before resuming and falling further to around 10% lower.
* Japan's Nikkei 225 has also been affected, with a drop of almost 4.5%.
* The decline has led some analysts to question whether AI technology can become profitable enough to recoup huge investments made by governments and companies.