SK Hynix and SoftBank shares fall as Asian tech stocks follow Wall Street chip sell-off
Overview
SK Hynix shares fell more than 8% and Samsung Electronics dropped 7.9% on Tuesday, both reaching their lowest intraday levels since August, according to CNBC. SoftBank Group sank 8.03% in Tokyo, Tokyo Electron fell 6.6%, and Advantest dropped 5.38%.
CNBC reports the declines followed a 3.9% drop in Micron Technology after China's ChangXin Memory Technologies reported progress on a new chip structure.
Written by AI from the articles below · updated Oct 12, 11:16 PM ET
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- CNBC · TechnologyNewsSK Hynix and SoftBank shares fall as Asian tech stocks follow Wall Street chip sell-off
AISK 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.
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