South Korea Financial Markets

Currency traders work at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Tuesday, July 28, 2026.

Tags

As featured on

Wall Street mixed early as chip sell-off continues

Wall Street mixed early as chip sell-off continues

Wall Street was mixed in early trading with chipmakers getting hit the hardest again after a huge sell-off in South Korea. South Korea’s Kospi index plunged nearly 11% Tuesday on heavy selling of computer chipmaking stocks that have been battered recently by fears that the AI boom may turn out to be a bubble. Trading was temporarily halted at times as Kospi dropped to its lowest level since April, closing 10.8% lower. In New York, futures for the S&P 500 are flat, while futures for the Dow are up 0.7%. Nasdaq futures are off 1%.