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Asian Stocks Slide 10% From June Peak to Head for Correction

Bloomberg Markets Tuesday 28 July 2026, 03:27 UTC By Elaine Lai 1 min read
Key Points

Asian Stocks Slide 10% From June Peak to Head for Correction Asian stocks slumped, putting the regional benchmark on course for a technical correction, as a selloff in chipmakers deepened. The MSCI Asia Pacific Index plunged as much as 3.5%, takings its losses from a June 22 peak to over 10%. Shares of South Korea’s Samsung and SK Hynix tumbled, pulling the Kospi index down more than 10% intraday.

Asian Stocks Slide 10% From June Peak to Head for Correction Asian stocks slumped, putting the regional benchmark on course for a technical correction, as a selloff in chipmakers deepened. The MSCI Asia Pacific Index plunged as much as 3.5%, takings its losses from a June 22 peak to over 10%. Shares of South Korea’s Samsung and SK Hynix tumbled, pulling the Kospi index down more than 10% intraday.
Asian (ORG) Correction Asian (ORG) The MSCI Asia Pacific Index (ORG) South Korea’s (LOCATION) Samsung (ORG) SK Hynix (ORG) Kospi (PERSON)
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