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KOSPI Plunges Over 10% on U.S. Chip Sell-off; Recovery Hinges on Fed Rate Decision July 30

2026-07-29 01:17:47

NVDA0.23%

According to Yonhap Infomax, citing Hyundai Securities analyst Kim Jae-seung, South Korea's KOSPI index fell more than 10% on July 29 amid concerns over China's semiconductor rise and a sharp sell-off in U.S. chip stocks including Nvidia. Market recovery prospects now depend on the Federal Reserve's monetary policy decision scheduled for early July 30.

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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