Published on
02/07/2026 - 9:39 GMT+2
Most Asian stock markets dropped on Thursday, dragged down by a wave of selling in semiconductor shares, as European bourses made a subdued start and Wall Street looked set to open in the red before the release of key US employment figures.
The pullback centred on the technology sector, where investors retreated from the chip stocks that have powered much of this year's rally, amid growing unease that the vast sums Big Tech is spending on AI could leave the market awash with supply.
South Korea's Kospi bore the worst of it, tumbling around 5% as its heavyweight chipmakers slid. Memory specialist SK Hynix lost close to 8% and Samsung Electronics fell more than 6%.
