SK Hynix IncSK Hynix shares plunged, sending stock index down 8% and triggering circuit breaker.
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.
SK Hynix IncSK Hynix shares plunged, sending stock index down 8% and triggering circuit breaker.
Kioxia shares hit limit-down and have halved from peak in one month amid semiconductor correction.
Taiwan Semiconductor Manufacturing Co. Ltd.TSMC stock lost ground in after-hours trading on concerns over increased capital spending.