SK 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.