How a global chip selloff and AI worries drove Kospi down 10% and Nasdaq lower — Market Wrap Jul 28, 2026

7horns.ai Daily Briefing EN · Jul 28, 2026 · 3m

Today's AI insights from 7horns.ai reveal a global semiconductor rout dragging markets lower, led by a 10% plunge in South Korea's Kospi and a 0.84% drop in the Nasdaq 100. Asian markets faced severe selling pressure overnight, with Japan's Nikkei sliding 4% to a two-year low, while Hong Kong's Hang Seng futures showed resilience. The selloff stems from concerns over capital expenditure returns in the chip and AI sectors. In the U.S., Nvidia shares fell an additional 1% pre-market following Monday's 5% drop, and Advanced Micro Devices slid 3.77%. Conversely, Microsoft gained over 1%…