Technology
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)