The Samsung exhibition stand features the prominent ”A new era of mobile agentic AI” slogan by the South Korean company Samsung Electronics.<\/p>\n
Joan Cros | Nurphoto | Getty Images<\/p>\n
Shares of Samsung Electronics and SK Hynix plummeted more than 7% in early Thursday trading, dragging down South Korea’s benchmark Kospi<\/a> after the tech-heavy Nasdaq Composite slumped overnight.<\/p>\n Samsung Electronics tumbled more than 7% while SK Hynix sank over 9% at the open, wiping out billions in market value as Asia’s largest chipmakers bore the brunt of the global tech selloff.<\/p>\n SK Square, the largest shareholder of SK Hynix, also fell more than 10%, mirroring broader losses across the semiconductor sector.<\/p>\n The selloff tracks a dismal start to July for the Nasdaq<\/a> as investors aggressively dumped chip stocks.<\/p>\n In Wednesday’s session on Wall Street, Micron Technology<\/a> shares dived more than 10%, despite its stunning 260% gain year-to-date, while Sandisk<\/a> also shed over 10% overnight.<\/p>\n Other mega-cap tech heavyweights, including Nvidia<\/a> and Broadcom<\/a>, joined the decline, falling between 1% and 2%.<\/p>\n