Semiconductor Sell-Off Hits Global Stock Markets Hard, US Stocks Mixed at Opening, Memory Stocks Broadly Down, TSMC Falls 3%, Spot Gold Drops 2%
Semiconductor stocks face a significant sell-off, impacting global markets and raising doubts about the sustainability of the AI-driven rally. The Dow Jones rose 0.2%, while the S&P 500 and Nasdaq fell 0.2% and 0.4%, respectively. The Philadelphia Semiconductor Index dropped over 2%, with memory chip stocks like Sandisk (down ~5%), TSMC (down ~3%), and SK Hynix (down ~7%) under pressure. Asian markets also fell sharply: Japan's Nikkei 225 lost 2.8% and South Korea's KOSPI plunged 6.4%.
A key trigger was volatility from leveraged ETFs in South Korea tied to Samsung and SK Hynix, prompting regulatory scrutiny. Analysts warn that such speculative leverage often leads to negative outcomes.
Geopolitical tensions added pressure as U.S. airstrikes in Iran heightened Middle East risks, briefly lifting Brent crude above $85.9. However, concerns over potential disruptions in the Strait of Hormuz persist. Meanwhile, softer-than-expected U.S. June PPI data eased Treasury yields and limited Fed tightening expectations. Spot gold fell 2% to $3,977.25/oz.
Overall, the chip stock downturn, combined with cautious sentiment from geopolitical risks and mixed macroeconomic signals, is weighing on investor confidence.
链捕手07/16 15:00
