South Korea's KOSPI plunged more than 7%, triggering a sidecar as a global semiconductor sell-off took hold. The KOSPI was down 500.47 points at 6,253.81, with SK Hynix tumbling around 10% and Samsung Electronics falling 9.15%. The two companies account for over half of the KOSPI's weighting, and the broad selling in the semiconductor sector rippled across the entire market. Reports of a large listing by China's ChangXin Memory Technologies and the start of production of immersion deep ultraviolet lithography machines by a state-owned enterprise also chilled market sentiment.
SK Hynix IncReports of a large listing by China's ChangXin Memory Technologies and production of immersion DUV lithography machines by a state-owned enterprise chill market sentiment, directly threatening SK Hynix's competitive position.
Samsung Electronics Co LtdReports of a large listing by China's ChangXin Memory Technologies and production of immersion DUV lithography machines by a state-owned enterprise chill market sentiment, directly threatening Samsung's competitive position.