The world’s hottest index has been dragged into a technical bear market as the memory-chip selloff gathered pace Wednesday. So long as AI demand drives huge spending on memory chips, the KOSPI is likely to resume its rally.
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South Korea’s high-flying stock index is having a harder time staying airborne. The Kospi index entered a technical bear market (defined as a 20% drop from a recent high) after plunging more than 5% today.
Micron stock is in a technical bear market, meaning it is more than 20% down from its recent closing high.
Forty percent of some 4,400 voters in a Stocktwits poll said they will skip investing in the SK Hynix stock for now.
🔎 Levi Strauss (LEVI), Costco Wholesale (COST): The jeans maker is due to post second-quarter earnings this afternoon; Costco will report June sales. ↘️ Applied Materials (AMAT), Micron Technology (MU), Marvell Technology (MRVL), Intel (INTC), Advanced Micro Devices (AMD): The chip stocks fell in premarket trading, on course to extend a slide sparked by guidance from Samsung Electronics (KR:005930) yesterday that failed to meet lofty expectations.
The world’s hottest index has been dragged into a technical bear market as the memory-chip selloff gathered pace Wednesday. The KOSPI index closed down 5.4% in South Korean trading as its two largest constituents SK Hynix and Samsung Electronics dropped 5.7% and 6.3%, respectively. The KOSPI may have entered technical bear market but it remains one of the best-performing major global indexes this year, up 72%, while the S&P 500 is up 9.6% in 2026 so far.
In June 2026, Best Buy introduced RGB LED TVs nationwide through exclusive partnerships with Samsung, Sony, LG, TCL and Hisense, offering free delivery, installation and haul-away with most purchases and showcasing screen sizes from 50 inches up to 116 inches. This rollout positions Best Buy as the only national retailer where shoppers can experience this new RGB LED standard in person, supported by more than 15,000 specially trained Blue Shirts to guide complex home theater upgrade...
Samsung Electronics (KOSE:A005930) has introduced the PM1763, an enterprise SSD based on the PCIe 6.0 standard. The drive targets artificial intelligence and high performance computing workloads with higher throughput than its predecessor. The PM1763 includes post quantum cryptographic security features and is designed for liquid cooled, power efficient data centers. Samsung Electronics sits at the center of the memory and storage market, and the PM1763 PCIe 6.0 SSD adds another product...
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The South Korean memory chip giant’s planned Nasdaq listing is already attracting strong institutional interest, fueling bullish sentiment around one of the largest equity offerings tied to the artificial intelligence boom. SK Hynix Launches $28 Billion US Share Sale South Korean chipmaker SK Hynix on Monday launched a U.S. share sale aimed at raising about 43 trillion won ($28.07 billion) through the issuance of American depositary receipts (ADRs) listed on the Nasdaq. The company said major in
(Bloomberg) -- South Korea’s equity market extended declines, pushing the benchmark gauge toward a technical bear market as investors reassessed the outlook for artificial intelligence demand.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaChip Stocks Sink After Blistering Run as Oil Jumps: Markets WrapTwo Millennium Trading Pods Made About $3.7 Billion Last MonthUS Strikes Iran and Blocks Oil Sales in New Test of CeasefireChina Sentences Official to Death
The most profitable quarter in the memory industry's history just knocked the sector's stocks lower.
Samsung reported blowout preliminary results for the last quarter, but shares declined anyway, triggering a selloff in major chip stocks.
SEOUL, July 8 (Reuters) - Shares of South Korean memory chipmakers Samsung Electronics and SK Hynix fell as much as 4.4% and 5%, respectively, in early trade on Wednesday, tracking a broad selloff in
Shares of South Korean memory chipmakers Samsung Electronics and SK Hynix fell as much as 4.4% and 5%, respectively, in early trade on Wednesday, tracking a broad selloff in U.S. semiconductor stocks on growing concerns about the sustainability of the AI-driven chip boom. High-flying memory and semiconductor stocks tumbled overnight, with Intel, Micron and AMD closing down 9.7%, 4.7% and 6.5%, respectively. MKTS/GLOB] Also, the Philadelphia Semiconductor Index lost 4.7% as investors questioned whether AI-related spending can be sustained.
(Bloomberg) -- Samsung Electronics Co. has begun mass production of its most advanced data center storage drive, which is set for use inside Nvidia Corp.’s upcoming Vera Rubin platform. Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaChip Stocks Sink After Blistering Run as Oil Jumps: Markets WrapTwo Millennium Trading Pods Made About $3.7 Billion Last MonthMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major OverhaulChina Sentences Official to

<body><p>STORY: Wall Street's main stock indexes fell on Tuesday, with the Dow dropping a quarter of a percent, the S&P 500 shedding just under half a percent and the tech-heavy Nasdaq losing more than one percent.</p><p>Chip stocks in Asia and the U.S. declined after memory chip giant Samsung's blowout earnings report failed to satisfy investors with sky-high expectations.</p><p>Leah Bennett is chief investment strategist at Concurrent Investment Advisors.</p><p>"Samsung reported great earnings overall, but I think investors are really starting to scrutinize the growth of a lot of these high growth companies. They're looking for any potential weakness in margins, in revenues, or if anybody is using the word 'over capacity' or 'excess capacity' in any way. And last night, we saw Samsung mention that their memory prices were only going to be up 30% versus an expectation of 40%. And the stock really sold off significantly. And I think that's brought down the rest of the high-growth stocks."</p><p>Shares of Micron Technology fell more than 4.5%, while Sandisk dropped over 7%.</p><p>:: Nvidia</p><p>Adding to worries about high-flying chipmakers, Reuters reported that Chinese startup DeepSeek is developing its own AI chip, a push that could reduce its dependence on Nvidia and Huawei chips.</p><p>Shares of Nvidia fell in morning trading, but closed slightly higher.</p><p>:: SK Hynix</p><p>Another test of the appetite for chip stocks looms on Friday, when South Korean giant SK Hynix's U.S. listing starts trading on the Nasdaq.</p><p>Meanwhile, Elon Musk's SpaceX tumbled more than 6.5% in its first day of trading as part of the Nasdaq 100 index and after a wave of brokerages initiated coverage on the stock with largely bullish outlooks.</p></body>
Samsung's earnings preview fell short of expectations. In an update on second-quarter results, the South Korean company projected record operating profit. But the forecast also offered a provision for the cost of coming special bonuses for employees.
U.S. stocks fell as investors fled increasingly volatile artificial-intelligence investments in the wake of Samsung Electronics’ earnings report and renewed disruptions in the Strait of Hormuz.

Despite a record quarter, Samsung's (005930.KS) preliminary earnings results are causing volatility in the memory sector, just ahead of SK Hynix's (000660.KS) Friday IPO. Yahoo Finance Senior Business Reporter Ines Ferré takes a closer look in the video above.
Chip stocks were hammered again Tuesday, despite some reassuring news from a major player, extending their recent slide into a second week.
The Nasdaq tumbled on Tuesday after a rebound in semiconductor stocks fizzled out overnight. The Dow dropped 131 points, or 0.3%. After chips rebounded on Monday, selling in memory stocks in South Korea bled into U.S. trading.
Samsung Electronics just did something no company has done before. Its operating profit last quarter came in roughly 19 times what it was a year ago, revenue more than doubled to a record, and the bottom line landed above both NVIDIA (NASDAQ:NVDA) and Apple (NASDAQ:AAPL). The stock, as CNBC’s Kristina Partsinevelos flagged Tuesday morning, fell ... Samsung Just Out-Earned Apple and Nvidia, and the Stock Tanked 7%
A number of stocks fell in the morning session after Samsung Electronics' record quarterly profit triggered a textbook "sell-the-news" reaction, compounded by a Reuters report that China's DeepSeek is developing its own AI inference chip.
A number of stocks fell in the morning session after Samsung Electronics' record quarterly profit triggered a textbook "sell-the-news" reaction, compounded by a Reuters report that China's DeepSeek is developing its own AI inference chip.
Samsung Earnings Trigger Chip Selloff as Micron Stock Drops Sharply
AI-driven earnings missed lofty expectations, triggering a broad selloff across Asian technology stocks.