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SK Hynix shares fell 11.42% to KRW 1,257,000 in Seoul, while Samsung Electronics dropped 8.84% and South Korea’s KOSPI fell 7.81%. SK Hynix’s Nasdaq-listed ADRs fell 3.96% to $141.71 in extended trading after closing down 6.06% Wednesday.
Asian chipmakers followed U.S. peers lower Thursday as worries about Federal Reserve rate hikes and AI funding difficulties weighed on technology hardware shares. Samsung Electronics and SK Hynix fell more than 6% each.