finance
Asian chip stocks fall as markets react to AI investment concerns
Asian chipmakers led a broad technology selloff on Monday. The decline followed mixed signals about demand for AI-related computing equipment.
Jul 13, 7:01 PM·1m read1 source
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Asian chipmakers led a technology selloff that affected global markets on Monday. Samsung shares fell 10 percent and SK Hynix shares fell 15 percent in Seoul trading. The SK Hynix decline marked a record drop and prompted a market-wide trading halt.
Sales data and analyst views A chipmaker reported a 36 percent increase in quarterly sales during the same period. " A markets analyst noted that chipmakers now represent large portions of both U.S. and Asian indexes. " The sales increase occurred even as share prices declined, according to the report.
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