Asian chip stocks plunge after SK Hynix results disappoint
Shares in Asian chip and artificial intelligence-linked companies fell sharply on Wednesday after SK Hynix reported results that missed investor expectations. The sell-off pushed South Korea's Kospi index lower for a second straight day, with the benchmark sliding by as much as 12.6% at one point. The move also weighed on Samsung Electronics and other semiconductor names, extending a broader rout in the region's technology shares.SK Hynix said it had posted record second-quarter profits, but the figures still fell short of what investors had been looking for. Its shares dropped by as much as 16% after the announcement, according to... [Continue Reading]
360LiveNews | 29 Jul 2026 10:02 LONDON
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