Samsung Electronics and SK Hynix shares fell sharply in early Thursday trading, extending a wave of selling pressure that swept through the global semiconductor sector.
The steep decline in Seoul followed a heavy overnight slump in the tech-heavy Nasdaq, as investors continued to rotate out of high-multiple growth names amid broader market volatility.
This latest drop comes shortly after Samsung and SK Hynix shares fell sharply on Monday, following reports that the two companies are preparing to announce combined investment plans totaling more than $1.
The sell-off erased billions of dollars in market value for the two South Korean memory chip giants, dragging down the Kospi index.
The sharp move underscores the persistent sensitivity of Asian tech stocks to US market sentiment, particularly when US equities face headwinds from valuation concerns or macroeconomic uncertainty.
This latest drop comes shortly after Samsung and SK Hynix shares fell sharply on Monday, following reports that the two companies are preparing to announce combined investment plans totaling more than $1.3 trillion.
The market's reaction to the massive capital expenditure guidance suggests investors remain cautious about the near-term return on investment for such aggressive expansion, even as demand for high-bandwidth memory (HBM) remains robust.