Global Markets: Asian shares slide as Korean chipmakers tumble; oil slips
AI Market Summary
Asian equities weakened after a sharp selloff in Korean chipmakers: SK Hynix and Samsung fell over 8%, with Kioxia down 14% in Tokyo. Reports that Apple is negotiating to source chips from two Chinese suppliers raised concerns about the durability of Korean semiconductor moats, echoing a 6.3% drop in US semiconductors and a 10.57% fall in Micron. Brent also dipped to multi-month lows, adding risk-off pressure.
Impact level
● High
Affected assets
NCSKSAMSUNG2USD/USDT-8.32%
AI Insight · NCSKSAMSUNG2USD/USDTAI Insight
▼ Bearish
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Asian equities weakened after a broad selloff in chip stocks led by South Korea. SK Hynix and Samsung Electronics each dropped more than 8% in Seoul, while Kioxia sank 14% in Tokyo. The move was sparked by reports that Apple is in talks to buy chips from two Chinese semiconductor makers, stoking concerns that the technological moat of Korean suppliers may be eroding. In the U.S., the semiconductor sector fell 6.3% on the day, with Micron Technology sliding 10.57%, and Nasdaq 100 futures pointed to further downside. Brent crude eased 0.8% to USD 71 a barrel, its lowest level since Feb. 26.
