Image: BigGo FinanceSK Hynix Plunges Over 12% in Seoul, Triggering Circuit Breaker; Memory Sell-Off Spreads to Taiwan — BigGo Finance
• SK Hynix shares plunged over 12% in Seoul on July 13, triggering a circuit breaker, while Samsung Electronics saw a decline of more than 8%. • The sell-off spread to Taiwan's market, causing memory chip stocks like Nanya Technology and Winbond to reverse their initial gains and turn negative. • The crash stems from intensifying investor concerns regarding stretched valuations and the potential for a memory chip oversupply.
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