NewsHK
Shares of Samsung Electronics and SK Hynix fell more than 7% in early Thursday trading, as a semiconductor selloff that originated on Wall Street carried into Seoul's equity markets.
The synchronized drop underscored how tightly South Korean chipmakers are bound to U.S. technology sentiment, with both companies absorbing losses before most domestic market participants had their morning coffee.
Wall Street Pressure Radiates Eastward The move followed a deterioration in chip-related equities on Wall Street, with the damage transmitting overnight to the Korean Exchange.
Samsung Electronics and SK Hynix — the two companies that together dominate global memory chip supply — bore the brunt.
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