KOSPI crashes 11%, dragging Micron and chip ETFs lower in premarket

Price ActionCommodity Impact 4
โดย Yahoo Finance·Read original
Summary · why it matters

South Korea's KOSPI index plunged 10.84% overnight, triggering sharp premarket declines in global chip stocks. Micron Technology fell 5.4% and the VanEck Semiconductor ETF dropped 2.9% as of 6:30 a.m. ET, while Nasdaq futures were down 0.84%. The sell-off was led by memory names Samsung and SK Hynix, which tumbled 13.39% and 14.65% respectively. Despite the rout, Micron guided fiscal fourth-quarter revenue to $50 billion, signaling that AI memory demand fundamentals remain intact. The KOSPI has now fallen 34% from its June 22nd high of 9,114.55 to 6,023.66, though it remains up 43% year-to-date.

Impact on stocks 4

Semiconductors▼ · 2 stocks
SK Hynix Inc
000660
▼ NegativeDemandrelevance

SK Hynix tumbled 14.65% as a memory name leading the KOSPI sell-off.

Micron Technology Inc
MU
▼ NegativeDemandrelevance

KOSPI crash drags Micron premarket 5.4%, but AI memory demand fundamentals remain intact per guidance.

Artificial Intelligence▼ · 2 stocks
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