Bloodletting begins among star stocks - Has a new favorite emerged for investors?
The Kospi index in South Korea fell by 11 percent, mainly due to the sharp decline in the shares of Samsung and SK Hynix. In Europe, investors became uncertain after an initial positive mood. In the United States, chip stocks, such as Micron, SanDisk, Amkor, Dell, and Intel, continue to experience sharp declines. The upcoming earnings reports of major technology companies will play a key role in the future outlook for chip stocks.
The South Korean Kospi index fell by 11 percent today after significant declines in Samsung and SK Hynix shares, which have a significant weighting in the index. The mood in Europe remained positive for a while, but investors became uncertain in the afternoon. Chip stocks in the United States continued to fall sharply, with Micron, SanDisk, Amkor, Dell, and Intel all experiencing significant declines. Investors are now eagerly awaiting the upcoming earnings reports from major tech companies, as the outlook for chip stocks depends largely on whether major cloud service providers continue to invest heavily, while the major technology companies themselves are struggling.
