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Euronews
Euronews
Angela Barnes

Shares slip as chip stocks come under heavy selling: Here's why

United States CXMT SK Hynix

Trading was temporarily halted as the Kospi dropped to its lowest level since April after shares in chipmakers Samsung Electronics and SK Hynix fell sharply.

The Kospi was down 10.5% at 6,051.19 in overnight trading. Samsung's shares tumbled 12%, while SK Hynix's shares were down 12.7%.

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