Samsung Electronics and SK Hynix both fell more than 10% in early trading.
According to Bloomberg, amid growing concerns about AI following the U.S. midterm elections, shares of both companies fell more than 10% in early trading on South Korea’s Nextrade exchange. KOSPI 200 futures fell 7.9%, while an ETF tracking South Korean stocks dropped 13% overnight. In Japan, as of 8:02 a.m. Tokyo time, CME December Nikkei 225 futures stood at 57,255, about 6.26% below the Nikkei 225’s Thursday close of 61,077.90.
· The Nasdaq 100 previously fell 6.4%, while the Philadelphia Semiconductor Index dropped more than 12%, its biggest one-day decline since March 2020.
· The declines above are premarket and early-trading figures; moves after the South Korean and Japanese cash markets open have yet to be confirmed.
After the markets open, will you first look at trading volumes for Samsung and SK Hynix, or whether the discount in KOSPI 200 futures is narrowing?
According to Bloomberg, amid growing concerns about AI following the U.S. midterm elections, shares of both companies fell more than 10% in early trading on South Korea’s Nextrade exchange. KOSPI 200 futures fell 7.9%, while an ETF tracking South Korean stocks dropped 13% overnight. In Japan, as of 8:02 a.m. Tokyo time, CME December Nikkei 225 futures stood at 57,255, about 6.26% below the Nikkei 225’s Thursday close of 61,077.90.
· The Nasdaq 100 previously fell 6.4%, while the Philadelphia Semiconductor Index dropped more than 12%, its biggest one-day decline since March 2020.
· The declines above are premarket and early-trading figures; moves after the South Korean and Japanese cash markets open have yet to be confirmed.
After the markets open, will you first look at trading volumes for Samsung and SK Hynix, or whether the discount in KOSPI 200 futures is narrowing?
