‘A lot of panic around the AI investment’: How a chip slump is driving the Nasdaq toward correction
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South Korea’s Kospi closed down nearly 11% on Tuesday, its eighth circuit breaker of 2026 and one of the worst days of the year. South Korea’s famously volatile retail market is now infecting Western markets: The American semiconductor index SOX fell as much as 6% Tuesday, a fourth straight losing session and its longest streak this year, dragging the Nasdaq-100 down 9.7% from its record high—just short of a correction.
Yet the panic doesn’t square with what’s happening on the ground. Memory
Yet the panic doesn’t square with what’s happening on the ground. Memory
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