Samsung Electronics, SK Hynix shares tumble over as Nasdaq decline roils tech sector
Shares of major South Korean chipmakers Samsung Electronics and SK Hynix plummeted following a broader tech selloff triggered by a decline in the Nasdaq. The downturn extended across Asian semiconductor markets, impacting firms in China and Hong Kong as investors retreated from the tech sector.
Why it matters
The heavy concentration of chipmakers in the Kospi index makes the South Korean economy particularly vulnerable to global tech market volatility.
Shares of Samsung Electronics and SK Hynix plunged Thursday, dragging down South Korea's benchmark Kospi after the tech-heavy Nasdaq Composite slumped overnight.
The article reports on market data and analyst commentary regarding a global financial event.
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