financeTuesday, July 28, 2026
Semiconductor stocks are getting hammered in Asia, dragging down broader markets ahead of the Fed and big tech earnings. Meanwhile, X is launching a metal payment card, and digital-asset treasury firms are pivoting to AI as crypto premiums vanish. The week's risk calendar is packed.
The semiconductor rout that started on Wall Street spread to Asia, with Korean memory makers bearing the brunt.
SK Hynix plunged 10% and Samsung Electronics fell over 8%, extending a broader semiconductor rout after a weak Wall Street session. The selloff hit other AI-linked names like Tokyo Electron, signaling fears about demand or China competition.
The 60-day correlation between Nasdaq 100 and South Korea's Kospi hit 0.50, the highest since 2021, driven by AI spending tying U.S. tech to Korean memory chipmakers. That integration is a double-edged sword: it amplifies gains but also transmits losses faster.
Asian equities broadly tracked Wall Street's tech losses, with markets bracing for the Fed's policy decision and major U.S. tech earnings later this week. The risk calendar is anything but quiet.
Two stories show the sector's pivot: X is launching a payment card, and digital-asset treasury firms are chasing AI after crypto losses.
X (formerly Twitter) is launching X Money, starting with a metal payment card for U.S. Premium and Premium+ subscribers. It's a real step into financial services, though the 'everything app' pitch still has a lot to prove.
A growing number of digital-asset treasury firms are pivoting to AI after crypto losses crushed their share prices. The strategy hasn't revived investor confidence yet, but former bitcoin miners have had more success repurposing infrastructure for AI.
South Korea Payment Service Market Research Report- Forecast till 2035www.marketresearchfuture.com
Mexico Payment Service Market Research Report- Forecast till 2035www.marketresearchfuture.com
Harvey Norman and Latitude ordered to pay combined $55 million penalties for misleading customers • The Western Weekenderwww.westernweekender.com.au
Ballooning U.S. debt sends investors to bitcoin (BTC), gold to shelter from dollar devaluation: Crypto Dailywww.coindesk.comGerman flash CPI lands 30 July after June's 2.3%. Core is stuck at 2.5% and Brent's spike round-tripped — here's the euro scenario map across five factors.
South Korea Giants LG CNS and POSCO International Deploy Live Trade Data on Injective Blockchainbitrss.com
POSCO International and LG CNS have launched a pilot on the Injective blockchain to tokenize real trade accounts receivable using live data from overseas subsidiaries. Overcoming Legacy Trade Bottlenecks POSCO International and LG CNS have launched a pilot to...
Risk Events Are Everywhere You Look This Weekfinancialpost.com
Thoughts of a summer lull must be far from the minds of equity investors buckling their seatbelts for a bumpy ride through this week’s long list of risk events.
Tata Power Eyes First Atomic Plant by 2032 as India Opens Sectorfinancialpost.com
Tata Power Co. expects to build its first nuclear plant as early as 2032, after India ended a decades-old state monopoly in atomic power to bolster its energy security while decarbonizing.
BlackRock Backs CLARITY Act as Tom Lee Predicts Programmable Money Revolutionbitrss.com
Fundstrat’s Tom Lee believes the passage of the CLARITY Act in the United States will supercharge crypto.
Barclays reports first half profit up 17% on strong equities tradingwww.globalbankingandfinance.com
UK regulator proposes to block Openreach offer citing threat to broadband competitionwww.globalbankingandfinance.com
Asian stocks slide as China prompts chip competition fearsasia.nikkei.com
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