AI funding fears spark heavy selloff in Asian chip stocks
On July 28, 2026, Reuters reported a sharp selloff in Asian markets led by chipmakers as investors grew nervous about the massive funding needs of the AI boom. South Korea’s KOSPI plunged more than 8 percent, triggering a circuit breaker, while Samsung Electronics and SK Hynix fell up to about 11 percent amid worries over Nvidia’s potential $250 billion OpenAI financing guarantee and rising Chinese competition.
Source: MarketScreener Australia (Reuters wire)
