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3 Reasons SK Hynix Fell 13%

3 Reasons SK Hynix Fell 13%

The KOSPI plunged 8.10% to 6,208.34 on Tuesday morning, deepening a global semiconductor rout. 

SK Hynix sank 11.01%, and Samsung Electronics dropped 9.45%, a day before the memory giant reports quarterly earnings.

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KOSPI Index PerformanceKOSPI Index Performance. Source: Google Finance

Chip Selloff Spreads From Wall Street to Seoul

The Korea Exchange triggered a sell-side sidecar after the open, its 22nd this year. A similar mechanism tripped on the Kosdaq shortly afterward. The index was down 6.6% at press time.

Japan followed Seoul lower. Kioxia cratered 16.5%, Tokyo Electron dropped over 9%, and Advantest slid 8%. 

SoftBank Group, an AI proxy through its Arm stake, fell nearly 5%. Overall, the Nikkei 225 lost…

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