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SK Hynix shares fall 11% as Asian chip stocks track U.S. weakness

The selloff in U.S. chipmakers spilled into Asia, pulling semiconductor stocks lower across the region.

Reported · Written up by our desk · Equities

SK Hynix shares dropped 11% as Asian semiconductor stocks tumbled on Thursday, with traders pointing to weakness in U.S. chipmakers spreading overseas.

CNBC Markets reports that the regional decline reflected a broader tech rout in the United States, which pushed losses into Asia’s semiconductor sector.

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