The David Lin Report · Monday, July 13, 2026
The Korean KOSPI index experienced a significant drop of 7.89%, falling to 7600, after Meta announced its move into the cloud computing space. This news reportedly cooled semiconductor investor sentiment in the US, leading to sell orders in chip stocks, and resulted in foreign investors net selling over 5 trillion won on the KOSPI.
“The uh, CME KOSPI index fell to the 7600 level today. It plunged about, uh, 7.89% today so far.”
“Um, Meta announced that, uh, yeah, they would, uh, yeah, focus more on, well, not focus more, but moving into the cloud computing space, potentially decreasing demand for semiconductors.”