South Korea's Composite Stock Price Index fell more than 5%, and the stock prices of SK Hynix and Samsung continued their decline
On July 16, South Korea's benchmark stock index Kospi fell as much as 5.7%, with SK Hynix and Samsung Electronics following their U.S. chip peers lower after rebounding in the previous two days. SK Hynix shares fell as much as 10% on the Korea Exchange after its American depositary receipts (ADRs) plunged 9% on Wednesday. Samsung shares fell as much as 7.3%. The Philadelphia Semiconductor Index closed down 2.1% on Wednesday, with Micron Technology falling 8%.
On July 16, South Korea's benchmark stock index Kospi fell as much as 5.7%, with SK Hynix and Samsung Electronics following their U.S. chip peers lower after rebounding in the previous two days. SK Hynix shares fell as much as 10% on the Korea Exchange after its American depositary receipts (ADRs) plunged 9% on Wednesday. Samsung shares fell as much as 7.3%. The Philadelphia Semiconductor Index closed down 2.1% on Wednesday, with Micron Technology falling 8%. (