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Asian Tech Stocks Plunge, Apple Beats Nvidia as Top Valuation

7/29/2026

30 4 Full Breakdown

Summary

Story summary

South Korea's Kospi index fell 10.8% and was briefly halted after an AI-chip sell-off.
Samsung Electronics fell over 13% while SK Hynix dropped 7.5% below its $149 offer price.
Nvidia shares fell 5% in New York, allowing Apple to become the world’s most valuable listed company.
Japan’s Nikkei 225 closed almost 4% lower as tech stocks tumbled, while China’s ChangXin Memory Technologies surged nearly 470% on its Shanghai IPO.

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Story summary

South Korea's Kospi index fell 10.8% and was briefly halted after an AI-chip sell-off.
Samsung Electronics fell over 13% while SK Hynix dropped 7.5% below its $149 offer price.
Nvidia shares fell 5% in New York, allowing Apple to become the world’s most valuable listed company.
Japan’s Nikkei 225 closed almost 4% lower as tech stocks tumbled, while China’s ChangXin Memory Technologies surged nearly 470% on its Shanghai IPO.