- South Korean chip stocks slid sharply after a broad U.S. semiconductor selloff.
- Samsung Electronics and SK Hynix erased billions in market value.
- Nasdaq weakness spilled into Asia amid profit taking.
Shares of Samsung Electronics and SK Hynix plummeted more than 7% in early Thursday trading, dragging down South Korea's benchmark
Kospi after the tech-heavy Nasdaq Composite slumped overnight.
Samsung Electronics tumbled more than 7% while SK Hynix sank over 9% at the open, wiping out billions in market value as Asia's largest chipmakers bore the brunt of the global tech selloff.
SK Square, the largest shareholder of SK Hynix, also fell more than 10%, mirroring broader losses across the semiconductor sector.
The selloff tracks a dismal start to July for the
Nasdaq as investors aggressively dumped chip stocks.<small>Source: CNBC</small>
Business
Samsung Electronics, SK Hynix shares tumble over 7% as chip rout spreads from Wall Street
CNBC
July 02, 2026
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