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Asian Stock Markets Drop 10% from June Highs, Entering Correction Phase

On July 28, Asian stock markets plummeted significantly due to an intensified sell-off in chip stocks, with regional benchmark indices heading towards a technical correction. The MSCI Asia-Pacific Index fell by as much as 3.5%, marking a cumulative decline of over 10% from its peak on June 22. Shares of South Korea's Samsung Electronics and SK Hynix dropped sharply, dragging the KOSPI index down by more than 10% during trading. Concerns over overcrowded positions in chip stocks led to a global sell-off in the semiconductor sector on Tuesday, with investors questioning the sustainability of the AI-driven rally. Nvidia is pushing forward with a new round of AI-related deals valued at over $750 billion, a move that has sparked skepticism—critics warn that this is artificially inflating market demand and valuations across the industry. 'For AI-related semiconductor stocks, market sentiment has shifted from greed to fear,' said Vey-Sern Ling, managing director at Credit Suisse. 'Investors are now inclined to interpret various news negatively and use it as a reason to sell, rather than deeply analyzing its true impact on fundamentals.'

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  • Korean Stock Market Slump Drives Retail Investors to US Stocks with Net Purchases Exceeding 5 Trillion Won This Month

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  • The Big Short Prototype: Any Tech Giant Cutting AI Spending Will Cause US Stock Market to Plummet

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  • U.S. Conducts Surprise Inspections at Chinese Factories in Vietnam, Raising New Tariff Concerns

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  • Korea Exchange Activates Circuit Breaker for KOSDAQ Index

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  • Japanese Finance Minister: Monetary Policy Enters New Phase Dominated by Interest Rates

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