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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)
· 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 The San Antonio
San Antonio 's own tech industry, though smaller in scale, is closely tied to the global market trends. The significant decline in Asian stocks, particularly in chip shares, may have a ripple effect on local businesses that rely on these technologies. With the city's growing presence in the cybersecurity and data science sectors, the potential slowdown in AI adoption could impact the growth prospects of San Antonio's startups and established companies alike. The concerns over a potential glut in supply and the massive investments made by Big Tech companies may also influence the decisions of local investors and entrepreneurs, potentially altering the trajectory of the city's tech ecosystem. As the global market continues to evolve, San Antonio's business leaders will be watching closely to see how these trends play out and how they can adapt to the changing landscape.
About this story
Original reporting by KSAT 12 (ABC affiliate) . The San Antonio 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) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 2, 2026 ·
Source: KSAT 12 (ABC affiliate) ·
Reading time: 3 min
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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) and curated for The San Antonio readers.
Who reported this story? This story was reported by Chan Ho-Him, Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
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