US tech and semiconductor stocks plunge amid market fears
On July 28, 2026, Asian stock markets experienced sharp sell-offs in technology and semiconductor shares, with South Korea's Kospi index plunging 10.8% and Japan's Nikkei 225 declining 4.0%. Major tech firms including Alphabet, Tesla, and IBM suffered significant market cap losses amid skepticism over AI investment returns and heightened Middle East geopolitical tensions pushing oil prices above $100 per barrel. Vietnam's VN-Index also fell below the 1,700-point threshold amid widespread selling pressure, reflecting cautious investor sentiment.
Key facts
- South Korea’s Kospi index dropped 10.8% and Japan’s Nikkei fell 4.0%
- Major US tech companies like Alphabet and Tesla suffered big losses
- Vietnam’s VN-Index fell below 1,700 points amid selling pressure
Why it matters
The sharp decline in global tech stocks and semiconductor shares affects investors worldwide, including those in Vietnam. The combined impact of geopolitical tensions and scepticism over AI investments is prompting cautious market sentiment, signalling economic uncertainty that may influence investment and economic conditions in the region.
Source and method
This brief was written by Daily Vietnam's editing desk from a report published by VietnamPlus - Thể thao, using AI assistance and a fixed editorial structure. It contains only facts established by that report and adds nothing from outside it. It is a summary for readers who do not read Vietnamese, not a replacement for the original. All reporting credit belongs to VietnamPlus - Thể thao.
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