Asian semiconductor stocks plunge, Samsung Electronics sees sharpest drop in about 20 years

Reuters··Read original
4▲0 ▼4Impact / 5
Summary · why it matters

Asian semiconductor stocks plunged on the 28th, led by the South Korean market. Samsung Electronics tumbled 13.4 percent, its steepest decline in about 20 years, while SK Hynix fell 14.7 percent, and the KOSPI ended 10.8 percent lower. Japan's Kioxia Holdings plummeted 18.3 percent, and Taiwan's MediaTek dropped around 10 percent. China's ChangXin Memory Technologies made its market debut on the 27th with a strong start, intensifying concerns over fiercer competition and oversupply in the memory chip industry. Caution over fundraising for AI infrastructure investment and skepticism about stretched valuations added to the sell-off, spreading across a wide range of stocks.

Impact on assets 4

Semiconductors▼ · 3 stocks
SK Hynix Inc
000660
▼ NegativeCompetitionrelevance

SK Hynix fell 14.7% as oversupply and competition fears in memory chips intensified, with ChangXin's debut adding pressure.

Kioxia Holdings Corporation
285A
▼ NegativeCompetitionrelevance

Kioxia shares plummeted 18.3% amid concerns over fiercer competition and oversupply in memory chips, exacerbated by ChangXin's debut.

MediaTek Inc
2454
▼ NegativeCompetitionrelevance

MediaTek dropped around 10% amid broad semiconductor sell-off driven by oversupply and competition fears.

Artificial Intelligence▼ · 1 stocks
Samsung Electronics Co Ltd
005930
▼ NegativeCompetitionrelevance

Samsung Electronics tumbled 13.4%, its steepest drop in 20 years, due to oversupply and competition concerns in memory chips.

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