Wire · operational-macro
World shares are mixed, while South Korea's Kospi sinks nearly 11% on heavy selling of chipmakers
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Fusion42 · 28 July 2026 · Fusion42 review
South Korea's Kospi index plunged 10.8% on heavy selling of chipmaker stocks amid concerns that AI boom may be a bubble, exacerbated by reports of Chinese progress in DUV chipmaking equipment and a 466% jump in Chinese chipmaker CXMT's IPO. Samsung Electronics fell 13.4% and SK Hynix dropped 14.7%, while global chip stocks including Nvidia and AMD also declined sharply.
This Wire brief sits within Fusion42's coverage of Semiconductors, and 6 sources have reported it between 28 Jul 2026 and 9 Aug 2026.
◆ ◆ The Wire takeaway
Chip valuations are repricing on two real threats: Chinese DUV tooling now works at scale, and Chinese startups can raise $8.6bn in Shanghai when global memory makers struggle. If you sell into chip fabs or build for chip teams, your customers' capex budgets just got pressure from both directions.
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6 sources · first reported 28 Jul 2026 · latest 9 Aug 2026
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