| | | | BUZZ-S.Korea's top chipmakers plunge, tracking U.S. peers |
|
|
| Reuters November 19, 2018 09:06:00 PM ET
** South Korea's leading chipmakers plunge, tracking U.S. peers, as investors trim their exposure to semiconductor stocks amid global uncertainties
** Samsung Electronics falls as much as 3.6 pct while SK Hynix tumbles 4 pct; U.S. chip shares closed down 3.9 pct overnight
** Media reports on weak sales of Apple's new iPhone and China's probe on alleged antitrust violations are weighing on investor sentiment amid global anxieties, says Eo Kyu-jin, an analyst at Egest Investment & Securities
** Shares of Asian suppliers and assemblers for Apple have been hit by profit warnings that point to weakness in iPhone sales
** Media report that China is set to deepen probe on alleged antitrust violations by major chipmakers has hit shares of Micron Technology, Samsung Electronics and SK Hynix
** Already pressured by fragile sentiment, chip stocks are being volatile without fundamental changes, says Park Sung-soon, an analyst at BNK Securities
** Broader KOSPI index was trading down 0.9 pct as of 0104 GMT REUTERS |
|
|
