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Kospi Slides 11.5% as Nvidia Drops, CXMT Soars

7/29/2026

Summary

Story summary

Korea's Kospi fell 11.5% and U.S. chip stocks slipped 4%, extending a Nasdaq 100 correction of 10% since June.
Nvidia discussed a $250 billion Ohio datacentre with OpenAI, causing shares to fall 5% to below $200 and its CDS spread to spike, analyst Ipek Ozkardeskaya said.
CXMT jumped 466% on its Shanghai debut, highlighting supply-chain push, while analyst Jing Jie Yu called the sell-off a knee-jerk overreaction to deep-ultraviolet chip-making tools.

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Story summary

Korea's Kospi fell 11.5% and U.S. chip stocks slipped 4%, extending a Nasdaq 100 correction of 10% since June.
Nvidia discussed a $250 billion Ohio datacentre with OpenAI, causing shares to fall 5% to below $200 and its CDS spread to spike, analyst Ipek Ozkardeskaya said.
CXMT jumped 466% on its Shanghai debut, highlighting supply-chain push, while analyst Jing Jie Yu called the sell-off a knee-jerk overreaction to deep-ultraviolet chip-making tools.