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Verilumia

The Daily Verified Briefing

Markets

KOSPI drops 11% on AI chip spending worries, sector selloff

Published 29 July 2026

A sharp selloff in global semiconductor stocks, triggered by concerns over the sustainability of artificial intelligence infrastructure spending, has sent shockwaves through financial markets, with South Korea's Kospi index suffering a dramatic single-day decline of roughly 11 percent.

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