Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Korean Chip Stocks Sink on Chinese Rival Worry, Broadcom Remarks
Business & Finance

Korean Chip Stocks Sink on Chinese Rival Worry, Broadcom Remarks

Bloomberg Markets Tuesday 13 October 2026, 00:28 UTC By Youkyung Lee and Winnie Hsu 1 min read
Key Points

Korean Chip Stocks Sink on Chinese Rival Worry, Broadcom Remarks Samsung Electronics Co. and SK Hynix Inc. shares extended their recent selloff, as concerns about Chinese rivals and the stretched artificial intelligence stock rally intensified. The stocks dropped more than 5% each Tuesday, headed for a fifth-straight session of losses, dragging the Korean equity benchmark Kospi down as much as 4.7%. US chipmakers slumped overnight, with fellow memory firm Micron Technology Inc. retreating 3.9%.

Korean Chip Stocks Sink on Chinese Rival Worry, Broadcom Remarks Samsung Electronics Co. and SK Hynix Inc. shares extended their recent selloff, as concerns about Chinese rivals and the stretched artificial intelligence stock rally intensified. The stocks dropped more than 5% each Tuesday, headed for a fifth-straight session of losses, dragging the Korean equity benchmark Kospi down as much as 4.7%. US chipmakers slumped overnight, with fellow memory firm Micron Technology Inc. retreating 3.9%.
Chinese (ORG) Broadcom (ORG) Samsung Electronics Co. (ORG) SK Hynix Inc. (ORG) Korean (ORG) Kospi (PERSON) US (LOCATION) Micron Technology Inc. (ORG)
Originally published by Bloomberg Markets Read original →

Related Stories

Tencent markets US dollar and dim sum bonds in four tranches

Tencent markets US dollar and dim sum bonds in four tranches HONG KONG, Oct 13 : Tencent Holdings is marketing US dollar bonds due in 10 and 20 years and offshore Chinese yuan, or dim sum bonds, due in 10 and 30 years, according to the term sheets, as the Chinese technology giant seeks funding in two currencies. Tencent set initial guidance for the 10-year dollar notes at about 115 basis points over comparable US Treasury bonds and for the 20-year notes at about 140 basis points over...

Channel News Asia 12m ago

Chinese stocks an undervalued opportunity, says Charlie Munger disciple

Shares in Chinese companies present better opportunities today than at other times, a disciple of legendary investor Charlie Munger said in a rare reflection on the world’s second-largest economy amid tensions with the US and the ongoing artificial intelligence race. The comments by Li Lu, Chinese-American founder and chairman of Seattle-based value investment firm Himalaya Capital, came amid divergence between the markets on opposite sides of the Pacific. While stock markets in China and...

South China Morning Post 31m ago

BNY's LaRusse Sees Scope for Bond Market Relief Rally

Oct 13th, 2026 BNY's LaRusse Sees Scope for Bond Market Relief Rally April LaRusse, co-head of global client portfolio management at BNY Investments, says it is too early to confidently call a peak in Treasury yields. Speaking on "The Asia Trade," LaRusse says current market pricing for roughly three rate hikes looks excessive, leaving room for a relief rally if the Middle East conflict eases or labor market data weakens.

Bloomberg Markets 41m ago

The Lincoln Memorial Reflecting Pool is being filled again after repeated repair blunders

The Lincoln Memorial Reflecting Pool is being filled again after repeated repair blunders Originally budgeted at $2 million for America 250 preparations, costs for the restoration project have since climbed past $16 million - Bookmark - CommentsGo to comments Become an Independent member to bookmark this article Already a member? Log in The Lincoln Memorial Reflecting Pool began refilling Monday after months of construction delays, peeling paint and dropped vandalism charges. A partially...

The Independent World 47m ago