SK Hynix Slides 11.06% as Kospi Falls 7.57% and Trading Halts
SK Hynix shares fell 11.06% during Thursday’s Asian session, while the Kospi dropped 7.57% and the Korea Exchange halted trading for 20 minutes. Samsung Electronics lost 9.48%.
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BUZZ — European AI — exposed stocks caught up in global rout
(Adds European chip stocks and STOXX 600 tech index, updates share moves) * Shares in European chip and other AI-exposed stocks fall sharply, tracking an overnight selloff in the US and Asian markets * STOXX tech index falls 3.5% to more than three-week low at 0726 GMT, leading the sectoral losses on the wider STOXX 60
Asian Stocks Fall as Semiconductor Shares Slide
Asian stocks fell, tracking overnight weakness in U.S. semiconductor shares amid valuation concerns, rising Chinese competition and persistent geopolitical conflicts.
Bitcoin, ether fall as Treasury yields rise
Bitcoin fell 3% to $83,098 and ethereum lost 5% to $2,564 as traders pointed to record-high Treasury yields and a stronger U.S. dollar. XRP and solana also declined in a broader crypto selloff.
SK Hynix, Samsung fall as U.S. pressure on chipmakers reports surface
SK Hynix and Samsung Electronics fall in Seoul after reports that U.S. officials pressed South Korean chipmakers and the government to invest in U.S. memory-chip production.
Trump Downplays Russia-Iran Intelligence Claims Ahead of Zelensky, Netanyahu Meetings: Dow Futures Fall 56 Points, Oil and Brent Slide
Late Monday, U.S. stock futures traded lower and oil prices eased as investors weighed President Donald Trump’s comments on Russia, Iran and the outlook for ongoing conflicts ahead of high-profile White House meetings. Dow Futures Slip as Markets Monitor Geopolitical Developments Dow futures fell 56.00 points, or 0.11%