Markets News

Global chip stocks have plummeted, but opportunities exist in the following areas!

· The South Korean KOSPI index fell below 6,000 points, a drop of more than 30% from its June peak. This news is negative for both the Korean won and the KOSPI index. · Panic quickly spread from US stocks to Asian stock markets, causing the Philadelphia Semiconductor Index to close down 2.23%. This news is short-term positive for the US dollar and negative for gold. · SanDisk plunged over 11%, SK Hynix fell sharply in both the US and South Korean markets, dropping over 7% and 14% respectively, and Samsung Electronics fell over 13%. AI computing leaders NVIDIA and AMD both fell over 5% in a single day, while lithography giant ASML closed down nearly 6%. This news is negative for sectors such as memory, HBM, optical modules, AI servers, advanced packaging and testing, and semiconductor equipment and materials.

TOPONE Markets Analyst

2026-07-29 08:50:00

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