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Chip Stocks Slide as KOSPI Falls 10% and SOX Drops 7.9%

2026-06-27 02:35:08

Abstract generation in progress

Global chip stocks sold off after South Korea's KOSPI fell 10% and the Philadelphia Semiconductor Index dropped 7.9%. SK Hynix and Samsung Electronics each fell over 10% after reports about Nvidia Rubin production cuts and slower HBM4 expansion. Goldman Sachs commentary framed the move as concentrated selling in crowded long positions rather than a clear AI narrative break. Buyback blackouts and rising rate-hike expectations added pressure.

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