Asian markets tumble; chip stocks lead tech sell-off
Asian markets tumbled on Wednesday, led by a sharp sell-off in semiconductor stocks, as weak U.S. technology shares, disappointing chip earnings and renewed geopolitical tensions weighed on investor sentiment.
July 29, 2026 (MLN): Asian markets tumbled on Wednesday, led by a sharp sell-off in semiconductor stocks, as weak U.S. technology shares, disappointing chip earnings and renewed geopolitical tensions weighed on investor sentiment. South Korea’s Kospi plunged more than 8%, triggering a trading halt, while the small-cap Kosdaq also fell over 8%. Chipmakers led the decline, with SK Hynix sliding more than 10% after qua...