SK Hynix shares tumbled more than 10% in Seoul trading on Tuesday, marking a sharp acceleration in the ongoing semiconductor selloff.
The memory chipmaker’s steep decline was mirrored by Samsung Electronics, which fell over 8%, as selling pressure engulfed South Korea’s technology sector.
The rout in Seoul followed another weak session on Wall Street, where US technology shares continued to face headwinds.
The synchronized decline highlights the interconnected nature of global chip markets, with sentiment in Asian hubs closely tracking developments in the US.
The broad-based nature of the sell-off suggests investors are rotating out of high-growth tech names amid broader market uncertainty.
This development extends a period of volatility for the semiconductor industry.