---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42713838.md"
description: "Over $600 billion evaporated from Asian stock markets as semiconductor and tech stocks plummeted following a sell-off in U.S. memory chip stocks and a rate hike in South Korea yesterday.🇰🇷 South Korea's KOSPI -6.37%, wiping out ₩388.6 trillion ($261 billion).🇯🇵 Japan's Nikkei 225 -2.79%, wiping out ¥35.1 trillion ($209 billion).🇨🇳 China's Shanghai Composite -2.2%, wiping out ¥630 billion ($123 billion).🇹🇼 Taiwan -1%, wiping out NT$1.2 trillion ($40 billion)."
datetime: "2026-07-16T07:43:52.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42713838.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42713838.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42713838.md)
author: "[辰逸](https://longbridge.com/en/profiles/16318663.md)"
---

# Over $600 billion evaporated from Asian stock mark…


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