SK Hynix and SoftBank shares fall as Asian tech stocks follow Wall Street chip sell-off

SK Hynix shares fell more than 8% and Samsung Electronics shed 7.9% on Tuesday, both hitting their lowest intraday levels since August. SoftBank Group sank 8.03% in Tokyo, while Tokyo Electron dropped 6.6% and Advantest fell 5.38%. The declines followed a 3.9% drop in Micron Technology after China's ChangXin Memory Technologies reported progress on a new chip structure.