SK Hynix, SanDisk Crash 15% as CXMT Frenzy Sparks Worst KOSPI Selloff — Memory ETFs Face Fresh Test
SK Hynix and Samsung plunged as China's CXMT IPO intensified memory-chip competition fears, putting ETFs exposed to the memory market under pressure.
Two big memory-chip companies dropped in price because a new Chinese company is starting up and people worry it will compete with them. When investors get worried about one company's future, its stock price can fall, so it's worth watching how these memory companies do over time.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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