SK Hynix, Samsung tumble over 8% as Asian stocks retreat

Published Aug 3, 03:25 AM UTC

On August 3, 2026, Asian stock markets experienced a significant decline, led by a sharp drop in South Korean chipmaker stocks. SK Hynix and Samsung both tumbled over 8%, contributing to a broader retreat. The MSCI gauge of Asian shares slid by 0.9%. South Korea's Kospi Index, a key bellwether for artificial intelligence investments, fell more than 4%, following a record surge of 18% on July 31. The decline in equities was accompanied by a drop in oil prices and a retreat in Treasury yields, indicating a broad risk-off sentiment across Asian markets.