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Chip Selloff Extends to Asia as Samsung, SK Hynix Slump

Key Points

A global selloff in semiconductor stocks deepened as investors retreated from one of the year’s hottest trades. Shares of Samsung and SK Hynix slumped more than 7% in Seoul after losses in US chipmakers sent the Philadelphia Semiconductor Index down 5% on Tuesday. Bloomberg's Winnie Hsu has the details.

A global selloff in semiconductor stocks deepened as investors retreated from one of the year’s hottest trades. Shares of Samsung and SK Hynix slumped more than 7% in Seoul after losses in US chipmakers sent the Philadelphia Semiconductor Index down 5% on Tuesday. Bloomberg's Winnie Hsu has the details. (Source: Bloomberg)
Asia (LOCATION) Samsung (ORG) SK Hynix (ORG) Seoul (LOCATION) US (LOCATION) Philadelphia Semiconductor (ORG) Bloomberg (ORG) Winnie Hsu (PERSON)
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