SK Hynix IncMemory chip rout causes SK Hynix shares to sink over 12%, dragging Kospi
Nasdaq futures plunged 2.8% on Tuesday as a rout in memory chipmakers spurred doubts about the AI trade, piling pressure on stocks more broadly even as US-Iran talks showed progress. S&P 500 futures sank 1.4%, while Dow Jones Industrial Average futures slid 0.5%. A sell-off in South Korean memory chip giants SK Hynix and Samsung Electronics saw both shares sink over 12%, dragging the benchmark Kospi stock index to a 10% loss. The rout turns up the focus on Micron earnings due Wednesday, with shares in the chipmaker dropping 10% in premarket after surging to a record close on Monday. Meanwhile, the US issued a 60-day waiver on oil sanctions on Iran amid ongoing peace and nuclear negotiations.
SK Hynix IncMemory chip rout causes SK Hynix shares to sink over 12%, dragging Kospi
Micron Technology IncGlobal chip sell-off fuels doubts about AI trade, pressuring Micron shares ahead of earnings
Samsung Electronics Co LtdMemory chip rout causes Samsung Electronics shares to sink over 12%, dragging Kospi
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