S2E546: Asia chip sell-off deepens as China competition fears trigger Kospi circuit breaker
Market news for July 28, 2026: Asian chip stocks tumbled today, led by a 10.84 per cent drop in South Korea’s Kospi, which triggered a circuit breaker. The sell-off reflected growing concerns over elevated AI valuations and rising competition from China. At the same time, Brent crude continued to fall on hopes of easing geopolitical tensions between the US and Iran.
Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region.
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