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Asian equities came under heavy pressure as the semiconductor selloff intensified, sending South Korea’s KOSPI down 5.5% while high Treasury yields weighed on technology stocks.
Singapore raised its 2026 GDP growth forecast after stronger-than-expected second-quarter expansion, as global AI investment boosted manufacturing, electronics and trade.
Chinese memory chipmaker CXMT surged around 470% in its Shanghai debut after raising $8.6 billion in Asia’s largest IPO of 2026. The rally reflects intense demand for semiconductor companies linked to artificial intelligence...
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