Samsung and SK Hynix Stocks Dive Over 7% After US Selloff
· World · Bloomberg, Economic Times, CNBC
Samsung and SK Hynix shares fell more than 7% in Seoul, extending a semiconductor selloff that began after losses in U.S. chipmakers. The downturn follows a sharp retreat from one of the year’s most active trades in the global chip market. Investors globally are pulling out of high‑valuation semiconductor stocks as price momentum stalls. The slump signals heightened volatility for companies supplying chips to technology firms worldwide.
Why it matters
The decline in major Korean semiconductor stocks adds uncertainty to the global chip supply chain, affecting buyers and investors, including Indian technology firms that rely on these components.
Read the original report — Bloomberg
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