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US Chip Stocks Plunge, Triggering Sharp Declines Across Asia-Pacific; South Korean Market Down 7%

Stocks AI Industry News

2026-07-02 04:34:22

Early trading weakness in US semiconductor stocks triggered a sharp selloff across Asia-Pacific markets today. South Korean equities tumbled as much as 7%, while Japanese stocks fell over 2%. The declines reflected broader concerns about the semiconductor sector and its impact on regional tech-focused indices.

Separately, OpenAI has proposed that the US government acquire a 5% stake in the company, according to reports.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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