Asia tech stocks mixed as Samsung rebounds, but chip shares remain under pressure after global selloff
Asian markets ended mixed on July 2, 2026, as a global selloff hit chipmakers in Japan, South Korea, and China. While some stocks showed signs of recovery, the South Korean Kospi struggled after an 8% drop. Concerns over AI overcapacity drove the volatility.
What changed
Recent data confirms the scale of the crash for Samsung and SK Hynix and highlights losses in Japan's Kioxia.
Live updates
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Asian Tech Markets Mixed Following AI Chip Selloff
confidence 90%Asian markets ended mixed on July 2, 2026, as a global selloff hit chipmakers in Japan, South Korea, and China. While some stocks showed signs of recovery, the South Korean Kospi struggled after an 8% drop. Concerns over AI overcapacity drove the volatility.
What's confirmed:
- Asian markets ended mixed on July 2, 2026.
- South Korea's Kospi slumped 8%.
- The chip selloff impacted Japan, South Korea, and China.
- Samsung and SK Hynix stocks experienced a crash.
Still unconfirmed:
- AI overcapacity fears caused the hit to chipmakers.
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Asian Tech Stocks Mixed as Samsung Recovers From Global Selloff
confidence 90%Asian technology shares staged a cautious rebound on Wednesday following a global rout. Samsung Electronics led the recovery with a gain of over 9%. Trading remained volatile as some early gains evaporated and AI-related jitters persisted.
What's confirmed:
- Samsung Electronics recovered more than 9% following a prior session drop.
- The Kospi rebounded 1.5% after a circuit breaker halt.
- Asian technology stocks showed mixed results on Wednesday after global equities suffered steep losses.
- The Nasdaq fell about 2.2% during the previous session's pullback.
Still unconfirmed:
- Investors are awaiting Micron Technology earnings for signals on AI infrastructure demand.