Seoul opened ugly. Samsung down 3.9% to 258,500 won. SK Hynix off 3.9% to 1.78 million won.
Overnight the 10-year yield punched above 4.95%. Oil jumped. That combo hit AI and chip names hard while Apple shrugged it off post-event.
Memory took the worst of it:
$SKHY SK Hynix ADR -5.2%
$MU Micron -4.9%
$SNDK Sandisk, WDC, Seagate all red
Nvidia, AMD, Intel down. SOX index -2.7%
A strong 30-year auction cooled yields slightly but oil kept the pressure on.
This feels like a valuation reset after a stretched run, not a fundamental crack in memory demand. Watching how HBM names hold up from here.
Overnight the 10-year yield punched above 4.95%. Oil jumped. That combo hit AI and chip names hard while Apple shrugged it off post-event.
Memory took the worst of it:
$SKHY SK Hynix ADR -5.2%
$MU Micron -4.9%
$SNDK Sandisk, WDC, Seagate all red
Nvidia, AMD, Intel down. SOX index -2.7%
A strong 30-year auction cooled yields slightly but oil kept the pressure on.
This feels like a valuation reset after a stretched run, not a fundamental crack in memory demand. Watching how HBM names hold up from here.