Samsung, SK Hynix steady after 4% and 7% selloff

  • Samsung Electronics and SK Hynix steadied after the previous session’s sharp selloff.
  • Samsung fell 0.2% and SK Hynix rose 0.12% at 9:10 a.m. September 15.
  • U.S. semiconductor shares declined overnight amid concerns about slower AI development.

Samsung Electronics and SK Hynix traded near flat early Tuesday as bargain hunters emerged after the previous session’s sharp decline. At 9:10 a.m. on September 15, Samsung Electronics was down 0.2% at 248,500 won, while SK Hynix rose 0.12% to 1.699 million won. The moves contrasted with losses of more than 4% and 7%, respectively, on the previous day. U.S. semiconductor stocks also fell overnight, with Nvidia down 3.36%, Micron 5.25%, Broadcom 4.77%, AMD 4.40%, Intel 5.59% and Marvell Technology Group 7.32%. SK Hynix’s American depositary receipt (U.S.-listed share certificate) fell 7.6%. Sentiment was pressured by concerns that artificial intelligence development could slow, after Anthropic Chief Executive Officer Dario Amodei said on September 12 that model development may need to slow to allow time for safeguards against misuse. SpaceX CEO Elon Musk expressed agreement. The benchmark 10-year U.S. Treasury yield also rose as high as 5.014% intraday, its highest level since October 2023. South Korean chip stocks nevertheless limited losses as investors bought after Monday’s steep decline.

本网站上的信息是使用AI生成的,我们无法保证其准确性。 请仅作为参考信息使用。