GoKawiilSK Hynix, Samsung, SoftBank shares drop sharply amid Asia chip sell-off
SK Hynix fell more than 8% and Samsung Electronics dropped 7.9%, both hitting their lowest intraday levels since August, as a US semiconductor sell-off spread to Asian markets. SoftBank Group shares sank over 8% in Japan, dragging down chip-related names including Tokyo Electron, Advantest, Lasertec, Disco and Renesas Electronics. The moves followed a 0.44% Nasdaq decline and a 3.9% drop in Micron Technology after China's ChangXin Memory Technologies reported progress on a new chip architecture.
GoKawiil's interpretation of the reporting above, not reported fact.
The sell-off suggests investors are growing cautious about richly valued AI-linked chip stocks after a strong run this year, according to UBP's Vey-Sern Ling, who says traders may be using competitive news as an excuse to take profits. Ling notes that Chinese memory makers could eventually challenge global supply-demand dynamics, though he believes they still face technical hurdles in advanced memory like HBM in the near term. The episode highlights how sensitive AI-related valuations have become to shifts in sentiment around chip competition and financing.
- SK Hynix and Samsung shares hit their lowest intraday levels since August
- SoftBank Group and major Japanese chip-equipment makers also fell sharply
- Analysts link the drop to profit-taking amid AI financing worries and China's CXMT memory chip progress
Source: cnbc.com — Lee Ying Shan, 2026-10-13
Published there as: “SK Hynix, SoftBank shares plunge as tech stocks in Asia track Wall Street chip sell-off”
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