Micron and other chip stocks feel the pain of imported volatility — blame SK Hynix

AI Summary

Micron and other semiconductor stocks declined sharply due to volatility tied to SK Hynix's stock experiencing its worst day in 18 years on the South Korean market. This selloff affected the SOX chip index, highlighting sensitivities in the chip sector.

The SOX chip index was suffering a unanimous selloff, after SK Hynix’s stock had its worst day in 18 years in South Korea trading.