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The Nexus
BUSINESSJul 28 · 09:30 UTCWPLG LOCAL 10 MIAMIBy CHAN HO-HIM and ELAINE KURTENBACH, Associated Press

World shares are mixed, while South Korea’s Kospi sinks nearly 11% on heavy selling of chipmakers

South Korea’s Kospi index fell nearly 11% due to heavy selling of chipmakers like Samsung Electronics and SK Hynix, driven by fears of an AI industry slowdown and Chinese competition. Global markets showed mixed results, with European indices rising slightly and U.S. futures fluctuating, while oil prices dropped over 2%.

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World shares are mixed, while South Korea’s Kospi sinks nearly 11% on heavy selling of chipmakers · The Nexus