[Brief] Chip Stocks Plunge as South Korea's Kospi Crashes 10 Percent Amid AI Jitters
[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. ...