TechBloomberg Tech2h ago
Chip Selloff Extends to Asia
Chip Selloff Extends to Asia as Samsung, SK Hynix Slump
TL;DRChip stocks are falling globally after US semiconductor losses spread to major Asian makers.
Why it matters: Semiconductor stocks are a bellwether for tech spending and economic health; broad selloffs signal investor caution.
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…
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