Kospi crashes 12% after SK Hynix earnings; best performing Asian market of 2026 plunges 43% in a month. What’s ahead?

Source: The Times of India· Debaroti Adhikary· July 29, 2026

South Korea's Kospi index crashed over 11% on Wednesday, extending its drop to 43% from its June peak into technical bear market territory. The sharp plunge, triggered by earnings from chipmaker SK Hynix that missed lofty AI-fueled market estimates, prompted …

This story was reported by The Times of India. Read the full original article:

Read on The Times of India

More in Business & Funding

View all

Apple tops $5 trillion market cap in trading, retakes world’s most valuable company title

Apple briefly crossed the $5 trillion market cap milestone after overtaking Nvidia, becoming only the second company to reach the historic valuation.

BusinessLine · Jul 29, 2026

Coforge shares rally 5% after strong Q1 earnings; net profit surges 63% YoY

Coforge shares surged after the IT services firm reported strong Q1 FY27 results. Net profit jumped 63% YoY, while revenue from operations rose 49% YoY to ₹5,527.7 crore, marking a 24% QoQ growth. The strong performance boosted investor sentiment toward the s…

The Times of India · Jul 29, 2026

Providence’s Karim Tabet: More sellers ‘realistic’ on must-move assets

New investment opportunities are arising in comms, live events and education against the backdrop of AI, according to the firm’s head of Europe. The post Providence’s Karim Tabet: More sellers ‘realistic’ on must-move assets appeared first on PE Hub.

Pehub.com · Jul 29, 2026

Chinese Memory Chip Maker CXMT Delivers Blockbuster IPO

ChangXin Memory Technologies (CXMT), China’s largest producer of dynamic random-access memory (DRAM) chips, saw its shares surge 466% in its market debut on the Shanghai Stock Exchange’s STAR Market on Monday, July 27 – making it mainland China’s most valuabl…

Naturalnews.com · Jul 29, 2026