South Korean Tech Stocks Plunge 10% as AI Chip Market Sentiments Sour - streamlinefeed.co.ke

South Korean tech stocks plummeted over 10% on July 28, 2026, driven by panic selling in semiconductor giants Samsung Electronics and SK Hynix. The market downturn reflects growing investor skepticism... Read original →

The sharp decline in South Korean tech stocks signals the fragility of the AI chip boom. China’s breakthrough in DUV lithography threatens the Korean duopoly, particularly impacting Samsung and SK Hynix’s HBM and memory chip segments. Investor panic has triggered a valuation correction, with market players demanding clearer profitability and order visibility. The downturn reverberates globally, especially affecting emerging markets like Kenya and Nigeria, where consumer electronics prices may fall. A potential burst in the AI investment bubble could lead to widespread layoffs and reduced FDI in global tech hubs. Over the next 12–24 months, supply chain resilience and technological self-reliance will be critical. China Taiwan and Hong Kong, China may see accelerated supply chain consolidation to mitigate geopolitical and technology blockade risks.