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FinanceSouth Korea's Kospi posts biggest drop since early March, led by chipmaker slump
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On July 28, 2026, South Korea's benchmark Kospi index suffered its largest single-day drop since early March, closing down 732.09 points or 10.84% at 6,023.66. The decline was driven by a slump in chipmaker stocks. The index has fallen 29% so far in July, surpassing the previous record monthly decline of 27% set in October 1997 during the Asian financial crisis. The article, published by The Business Times Singapore, highlights the severity of the market rout and its connection to weakness in the semiconductor sector, a key driver of South Korea's export-driven economy.
Source report
SEOUL — South Korean shares tumbled sharply on Tuesday, with the benchmark Kospi posting its largest single-day decline since early March, driven by a slump in chipmaker stocks.
- The Kospi closed down 732.09 points, or 10.84%, at 6,023.66.
- The index has declined 29% so far this month, exceeding its previous record monthly fall of 27% in October 1997.
Photo: EPA
Source
The Business TimesRegional
Part of this Story
South Korean Kospi Plunges Nearly 10% on Tech Selloff and Regulatory Warnings