KOSPI Slumps on China-Chip Fears as Hynix and Samsung Slide
TL;DR
South Korea’s Kospi fell about 10.8% on Tuesday, dragged lower by memory-chip giants SK Hynix (-14.7%) and Samsung Electronics (-13.3%), as fears of cheaper Chinese memory competition spread after ChangXin Memory Technologies’ IPO and its mass production of chip-manufacturing equipment; investors worry CXMT could challenge Korea’s memory dominance and Micron, fueling a broad selloff in global tech stocks.
- KOSPI Dragged Down 11% by SK Hynix, Samsung as China Chip Fears Spread Barron's
- AMD, Intel and Micron extend losses as chip stocks get clobbered CNBC
- South Korea's KOSPI posts biggest fall since early March as chipmakers slump Reuters
- South Korean stock market at three-month low as AI sell-off intensifies The Guardian
- Maybe the chips are down because memory’s too expensive Financial Times
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