On July 17, the semiconductor sector in the U.S. stock market saw intense selling. The Philadelphia Semiconductor Index fell 4.3% in a single day, closing at 11,867.50 points—representing a cumulative correction of more than 22% versus the mid-June peak—making it officially a technically bearish market. Memory chips led the list of the sectors most exposed to selling—SanDisk (SNDK) fell 12.63% to close at 1,411.08; Western Digital (WDC) fell 9.15% to close at 466.81; and shares of SK Hynix ADR (SKHY) fell by

SNDK11.46%
WDC12.54%
SKHY10.97%
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