Chip selloff turns Asian markets red; South Korea's KOSPI falls 6.3% Thursday
Jul 16, 2026
Asian equity markets turned red on Thursday, July 16, 2026, under a wave of selling in semiconductor shares, and even record quarterly earnings from Taiwan's TSMC could not halt the slide. South Korea's KOSPI plunged 6.3 percent, with Samsung Electronics down about 8 percent and SK Hynix down nearly 11 percent. The drop came just two days after the KOSPI's powerful rebound.
Japan's Nikkei 225 fell around 3 percent, while Hong Kong's Hang Seng Index rose, bucking the broader trend. Analysts said the selling reflected extremely high investor expectations for AI-driven growth rather than weak corporate performance.
Source
SWI swissinfo (Bloomberg)
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