South Korea’s Composite Stock Price Index (KOSPI) surged over 16% in a single day, marking its largest daily gain in history. A strong rebound in chipmaking stocks led the historic rally, with heavyweights like Samsung Electronics and SK Hynix posting substantial gains.
[Core Summary] On July 28, global chipmaker stocks suffered heavy losses in US and Asian markets, with South Korea’s KOSPI index plunging 10% and triggering a trading halt. The selloff was driven by investor concerns over the return on AI investments and fears of intensifying competition from China, marking a significant test for the tech bull market. [Event Details] According to BBC, South Korean stocks suddenly tumbled in Tuesday morning trading, with the composite index dropping 8% to 10% in a short period, forcing the exchange to activate circuit breakers and halt trading. This marks the worst single-day decline for the Korean market since March 2020. ...
Global chip stocks faced significant selling pressure on Monday as investors adopted a more cautious stance amid the AI investment boom. Market focus is shifting from AI hype to actual profitability and valuation rationality. According to CNBC, semiconductor stocks declined broadly as investors reassess the true value of AI-related investments. After months of substantial gains driven by AI enthusiasm, the market is now scrutinizing actual earnings performance and valuation levels. ...
The S&P 500 index reached an all-time high on June 2, driven by a surge in AI chip stocks led by Nvidia. Despite geopolitical tensions and elevated energy prices from Middle East conflicts, the tech sector’s strength propelled the broader market higher. CNBC live coverage showed Nvidia leading chip stocks significantly higher. Analysts note that massive AI infrastructure spending by tech giants continues to fuel semiconductor demand, keeping investor optimism intact. The rally suggests strong confidence in AI commercialization, though some warn that risk factors including energy costs may be underpriced in the current market. ...