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South Korea's Kospi Closes at 5,600 After Two Days of Sharp Declines on July 29

2026-07-29 07:25:39

South Korea's benchmark Kospi index closed at 5,600 on July 29 after two consecutive days of sharp declines, with circuit breakers triggered multiple times. Securities researchers attributed the market selloff primarily to deteriorating investor sentiment rather than fundamental deterioration in corporate earnings. While the rise of China's semiconductor industry presents a long-term competitive challenge, its near-term impact on the current AI chip cycle remains limited, according to their analysis.

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