29 July 2026 at 7:23 am
Summary
South Korea's Kospi experienced a significant drop, and the American semiconductor index SOX fell, pushing the Nasdaq-100 close to a correction, despite rising memory prices. Analysts attribute this "panic around the AI investment" to the debut of Chinese memory maker CXMT, reports of Chinese DUV lithography production, and concerns about hyperscalers overspending on AI infrastructure.
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