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

SNDK11.71%
WDC12.94%
SKHY10.72%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned