Asian Stocks Set for Losses as Bond Jitters Linger: Markets Wrap

Live updates

1. 27d ago

   Asian Stocks Slump as Memory Chip Selloff Deepens

   Asian markets are falling as a sharp selloff in AI and memory chip stocks drags down tech indices. South Korea's KOSPI plummeted between 5% and 5.2%, triggering a sell-side sidecar by the KRX. SK Hynix shares dropped 7.82% in Seoul. The decline follows a Wall Street selloff and a Wall Street Journal report that hit memory peers, with SanDisk down 9%, Micron down 7%, and Western Digital down 5%. While global bonds are stabilizing after a rout, bond jitters and rising oil prices continue to pressure regional markets.

   Why it matters

   The volatility reflects a correction in AI chip stocks that had previously seen significant gains. Memory stocks are particularly vulnerable to reporting on sector demand. In South Korea, the extreme swings have led to significant individual investor losses.

   What is confirmed

   • The KOSPI fell by 5% to 5.2%.
   • SanDisk shares decreased by 9%, Micron fell 7%, and Western Digital dropped 5%.
   • The KRX activated a sell-side sidecar for the KOSPI following the sharp decline.
   • Asian stocks are tracking lower following a selloff on Wall Street.

   Still unconfirmed

   • SK Hynix stock dropped 7.82% in Seoul.
   • Brent crude oil is trading above $90.
   • Donald Trump has ruled out talks with Iran.
   • One investor lost $14,000 in a month due to Korean market swings.

   What to watch next

   • Further movement in sovereign bond yields
   • Updates on AI chip demand and memory sector reporting
   • KOSPI recovery or further activation of market stabilizers
   Sources used for this update (16)

   1. BBC — 'I lost $14,000 in a month': Investors hit by Korean stock market's wild swings
   2. Seeking Alpha — South Korea - Reiterating AI Warning Despite Good Performance (NYSEARCA:EWY)
   3. Barron's — Why Micron Stock and Its Memory Peers Are Falling
   4. Yahoo Finance — WSJ Report Sends Memory Stocks Down. SanDisk Down 9%, Micron Down 7%, Western Digital Down 5%
   5. MarketWatch — AI chip stocks were riding high. Here’s why Micron and others are now pulling back.
   6. Investor's Business Daily — Dow Jones Futures: Sandisk, Micron, Credo Lead Painful AI Losses; Market Rally Near Key Test
   7. Bloomberg.com — Asian Stocks Set for Losses as Bond Jitters Linger: Markets Wrap
   8. U.S. News & World Report — Shares Fall in Asia, With Kospi Down 5.2%, While Oil Prices Jump
   9. RTTNews — Asian Markets Track Wall Street Lower
   10. Benzinga — SK Hynix Stock Drops 7.82% in Seoul as KOSPI Suffers Brutal Rout: Brent Above $90, Trump Rules Out Iran Talks
   11. Yahoo Finance — Tech leads losses as Asian stocks track Wall St selloff
   12. Yonhap News Agency — KRX activates sell-side sidecar for KOSPI on sharp fall
   confidence 90%