Global Market Today: Asian equities drop led by Kospi, oil extends gain

Asian stocks today: Kospi, Nikkei extend losses, plunge up to 6% amid sell-off in chip stocks

Asian stocks today: South Korea's Kospi dropped more than 6%. Meanwhile, the MSCI Asia Pacific Index slipped 1.7%.

Global Market Today: Asian equities drop led by Kospi, oil extends gain

Asian stocks declined as semiconductor shares faced renewed selling pressure. Crude oil prices climbed higher due to fresh strikes in the Middle East. Government bonds in Australia and New Zealand opened higher after US inflation data. Traders reduced expectations for Federal Reserve interest rate increases this year. Investors assess if strong earnings can sustain the artificial intelligence rally.

Kospi tumbles 6% as Asian markets brace for TSMC’s earnings test

Asian stocks fell on Thursday as a renewed sell-off in chipmakers exposed the risk of sky-high expectations before TSMC’s quarterly results. South Korea bore the brunt, with the Kospi down about 6.4% as SK Hynix lost 11% and Samsung Electronics fell more than 8%. Japan’s Nikkei dropped almost 3%, while Hong Kong bucked the regional weakness. Bonds found support after US producer prices declined in June, but Brent crude remained above $85 a barre…

Asian equities drop led by Kospi as chip sell-off revives AI trade concerns

Investors assess whether strong earnings can sustain the AI rally after sharp swings in semiconductor stocks Read more at The Business Times.