SK Hynix and Samsung Crash 14%: Micron Rivals Slide
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10 Articles
(Seoul = Yonhap News) Reporter Kim Yu-hyang = Samsung Electronics [005930] and SK Hynix [000660] saw sharp declines of 9% and 14%, respectively, on the 2nd.
Samsung Electronics, SK Hynix Shares Tumble Over As Nasdaq Decline Roils Tech Sector
The Samsung exhibition stand features the prominent ”A new era of mobile agentic AI” slogan by the South Korean company Samsung Electronics. Joan Cros | Nurphoto | Getty Images Shares of Samsung Electronics and SK Hynix plunged Thursday, dragging down South Korea’s benchmark Kospi after the tech-heavy Nasdaq Composite slumped overnight. Samsung Electronics tumbled more than 7% while SK Hynix sank over 9% at the open, wiping out billions in mark…
Semiconductor Top Two Stumble, KOSPI Falls Below 7,700: Samsung Electronics -9%, SK Hynix -14%. On the 2nd, the KOSPI plunged more than 7% due to a semiconductor downturn originating from the U.S., falling past the 8,000 mark and breaking below the 7,700 level. According to the Korea Exchange, the KOSPI closed at 7,648.09 on the day, down 7.89%.
Yesterday, following a sharp drop in semiconductor memory stocks, the Korea Exchange activated a sidecar (a measure to curb extreme price fluctuations) by temporarily suspending program trading. While there seem to be issues unique to the Korean market, where will the memory chip market head from here?
Bitcoin surpasses Samsung, Micron, and SK Hynix by market cap as AI chip stocks crater
Bitcoin's resilience amid AI chip stock volatility highlights its potential as a stable asset, contrasting with sector-specific market risks. The post Bitcoin surpasses Samsung, Micron, and SK Hynix by market cap as AI chip stocks crater appeared first on Crypto Briefing.
European and US stock markets reacted positively to weak US jobs data on Thursday, offering hope that the central bank will at least hold off on raising interest rates. But Meta's statement about excess computing power dragged down memory chip companies.
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