Bitcoin Falls to $63,000 Range as Semiconductor Stock Slump and Kioxia Limit-Down Trigger Risk-Off

Price ActionDigital FinanceCommodity Impact 4
โดย 楽天ウォレット·Read original
Summary · why it matters

Bitcoin faced heavy upside resistance and fell to the $63,000 range amid a risk-off mood driven by a global semiconductor stock slump and a limit-down move in Kioxia shares. TSMC's earnings were solid, but its stock lost ground in after-hours trading on concerns over increased capital spending, while in the South Korean market, SK Hynix shares plunged, sending the stock index down 8% and triggering a circuit breaker, as the correction in semiconductor stocks continued. Kioxia shares have halved from their peak in one month and hit limit-down today. Meanwhile, ETF flows are showing signs of recovery, and some point to the possibility of funds returning from other markets as the semiconductor boom ends. Attention today will focus on whether semiconductor stocks in the US market stop falling, as well as on ETF flows.

Impact on stocks 3

Semiconductors · 3 stocks
SK Hynix Inc
000660
▼ NegativeCapitalrelevance

SK Hynix shares plunged, sending stock index down 8% and triggering circuit breaker.