local
World shares are mixed, with South Korea's Kospi down nearly 8% on a sell-off of chip shares
By Chan Ho-Him, Associated Press at KSAT 12 (ABC affiliate) — San Antonio
· July 2, 2026
· 3 min read
World shares were mixed Thursday as benchmarks in Japan and South Korea slumped in the latest bout of heavy selling of computer chip stocks.Oil prices fell after negotiators from the U.S. and Iran met separately with mediators from Qatar and Pakistan on Wednesday, as traders eyed developments in ...
Key takeaway In early European trading, Britain's FTSE 100 rose 0.
Why this matters in Terrell Hills News
For Terrell Hills residents invested in the global market, the recent decline in Asian stocks, particularly in the chip sector, may have significant implications. The slump in South Korea's Kospi index and Japan's Nikkei 225 could potentially impact local investors who have diversified their portfolios to include international stocks. As the demand for artificial intelligence continues to drive the tech industry, concerns over a potential glut in supply may lead to further market volatility. Locally, this could affect businesses and individuals with ties to the tech sector, as well as those invested in companies with global operations. With the San Antonio area being a hub for tech and cybersecurity, the performance of Asian markets and the chip industry may have a ripple effect on the local economy, making it essential for investors and businesses to closely monitor these developments and adjust their strategies accordingly.
About this story
Original reporting by KSAT 12 (ABC affiliate) — San Antonio . Terrell Hills News surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KSAT 12 (ABC affiliate) — San Antonio . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 2, 2026 ·
Source: KSAT 12 (ABC affiliate) — San Antonio ·
Reading time: 3 min
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Frequently asked about this story
What is this story about? World shares were mixed Thursday as benchmarks in Japan and South Korea slumped in the latest bout of heavy selling of computer chip stocks.Oil prices fell after negotiators from the U.S. and Iran met separately with mediators from Qatar and Pakistan on Wednesday, as traders eyed developments in ...
When was this published? This article was first published on July 2, 2026 by KSAT 12 (ABC affiliate) — San Antonio and curated for Terrell Hills News readers.
Who reported this story? This story was reported by Chan Ho-Him, Associated Press at KSAT 12 (ABC affiliate) — San Antonio. To learn more about how Terrell Hills News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from Terrell Hills News, or browse our daily briefing and topic hubs .
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