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Asian stock markets retreated Tuesday, following overnight signals on Wall Street that the tech- and
A global rout of technology stocks spilled over into Europe in early trading, as investors balked at sky-high valuations in stocks linked to artificial-intelligence. The maker of equipment crucial for the manufacturing of semiconductors tumbled after shares in key customers SK Hynix and Samsung Electronics fell sharply in Asia trade. Dutch peers BE Semiconductor and ASM International fell on the same forces, down 5% and 6%, respectively.
<body><p>STORY: From SK Hynix taking a lead to Apple's reported price hikes, this is Tech Weekly.</p><p>:: Tech Weekly</p><p>SK Hynix overtook rival Samsung Electronics to become South Korea's most valuable listed company.</p><p>Shares rose high enough to turn SK Hynix into the world's most valuable memory chipmaker.</p><p>And it dragged its market capitalization up to $1.35 trillion.</p><p>That was slightly ahead of Samsung Electronics, which had been top since 2000.</p><p>Apple plans to raise prices for its products due to a shortage of memory chips.</p><p>That was the word from CEO Tim Cook in an interview with the Wall Street Journal.</p><p>A surge in AI-driven demand has left consumer electronics companies battling to secure supplies of key components, with chip prices soaring as a result.</p><p>Cook said Apple has done its best to avoid passing rising costs onto consumers, but he told the Journal price hikes were now unavoidable.</p><p>A humanoid robot has been built to bring Emirati children closer to their culture. </p><p>Yousif Lootah, Executive Director of SS Lootah Group</p><p>"Our purpose of, you know, taking the Bu Sunaidah to greet the kids in the mosque and showing them, you know, how the traditional way of celebrating the Eid is pure educational. And we had success of that."</p><p>Lootah added a robot couldn't be Muslim or belong to any religion.</p><p>He instead described it as a tool to help elders, educate children and support hospitality.</p><p>Intel shares soared after U.S. President Donald Trump announced the firm's new partnership with Apple.</p><p>He said the tech titans will work together on chip design and production.</p><p>The contract with Apple would help lock in steady demand from the iPhone maker and could boost Intel's reputation and sales.</p><p>The president said it was his latest effort to help Intel, in which the U.S. government has a 10% stake.</p><p>And a source told Reuters Meta is pushing for legal protection in Washington.</p><p>The U.S. social media giant faces a wave of lawsuits over child-harm claims tied to its platforms.</p><p>The source said the firm is lobbying U.S. lawmakers for language that would shield social media firms from certain claims tied to minors’ safety and privacy.</p><p>Reuters also reviewed drafts of the proposal, which is linked to the Kids Online Safety Act, now under consideration in the Senate.</p><p>The bill would require companies to exercise care in launching app features like infinite scrolling, activity notifications and appearance-altering photo filters.</p></body>
↘️ Samsung Electronics (KR:005930): The memory-chip giant tumbled 12% as the technology sell-off hit Asia. Its South Korean rival SK Hynix fell 12%, while Japan’s SoftBank Group slid 10% in Tokyo. ↘️ Micron Technology (MU): The U.
Investing.com -- Global chip stocks tumbled on Tuesday as a broad selloff in technology shares swept from Asia through Europe and threatened to drag Wall Street lower at the open, fuelled by mounting concerns over stretched AI valuations and the prospect of higher U.S. borrowing costs.
(Bloomberg) -- South Korean stocks tumbled from a record high as investors sold off chip heavyweights, delivering another outsized swing that has become a feature of the world’s best‑performing market this year. Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsStocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets WrapMeta Inve
The world's hottest stock market fell 10% Tuesday. The tech selloff may just be getting started.
<body><p>STORY: There’s a new member of South Korea’s A-list.</p><p>Chip factory staffers are suddenly enjoying hot demand, and not just at work.</p><p>They’ve also become a very desirable commodity in the country’s competitive marriage market.</p><p>The change comes as the global AI boom sees salaries soar at top tech firms.</p><p>Some workers at Samsung’s chip division are set for bonuses of about $416,000.</p><p>That’s around 14 times South Korea’s average annual salary.</p><p>There are big payments too at arch-rival SK Hynix.</p><p>Now all that has chip workers rivalling doctors and lawyers as the nation’s most desirable partners.</p><p>Lee Sung-mi is a consultant at matchmaking agency Sunoo.</p><p>She says tech staffers now rate very highly:</p><p>"Scores for Samsung Electronics employees have recently risen from 83 to 87. As for clients who work at SK Hynix, their scores are expected to climb from around 80 to 83—showing just how highly favored the company has become."</p><p>The big payouts are also reshaping South Korea’s job market.</p><p>There too the medical and legal professions had long ranked at the top.</p><p>Now career advisers and students both say there’s hot competition to get into the tech firms.</p><p>Ambitious young people are even looking to vocational schools, since some chip jobs only need a high-school diploma.</p><p>Park Jun-young is a career consultant for university students:</p><p>"Semiconductors are arguably the only industry that can truly ride the AI boom. They've taken center stage, and the result is outsized salaries and bonuses—so much so that, in effect, it's created a different tier."</p><p>At Korea University, a semiconductor engineering course has seen admission scores hit historic highs.</p><p>And it’s drawing students who might once have aimed for medical school.</p><p>Freshman Koo Bon-ho is one.</p><p>"I chose semiconductor engineering major because I figured campus life would be a bit easier than in medical school, the internships wouldn't be as long, and since I wanted to get a job quickly and enter the workforce."</p><p>With chips accounting for around 40% of the country’s exports, some say it’s time the tech workers got their due.</p><p>Right now, staffers at Samsung and SK Hynix are certainly reaping the financial and romantic rewards of the AI boom.</p></body>
Asian equities fluctuated Tuesday following a tech-led sell-off on Wall Street as investors again questioned a long-running AI-fuelled boom, while crude largely held losses that came on the back of positive US-Iran talks.Tech firms -- the main driver of a surge across world markets as investors pile into all things AI -- took a hit in Asia.
SEOUL, June 23 (Reuters) - The global AI boom has turned South Korean chipmaking giants SK Hynix and Samsung Electronics into stock market darlings. It has also thrust their employees into the top tier of the country's highly competitive marriage market.
Losses for Korean memory chipmakers fueled AI trade doubts, piling further pressure on techs even amid progress in US-Iran talks.
Shares of memory chips maker Micron (NASDAQ:MU) jumped 4.8% in the afternoon session after two more major Wall Street price target upgrades arrived ahead of its fiscal Q3 earnings report later in the week.
By Jamie McGeever ORLANDO, Florida, June 22 (Reuters) - Global stocks were mixed on Monday — optimism over Middle East peace talks lifted Asia and Europe, while tech and interest-rate jitters weighed
Micron (MU) stock hit a new all-time high on Monday after the company's deal with Anthropic (ANTH.PVT) was announced. Yahoo Finance Senior Business Reporter Ines Ferré takes a closer look in the video above.
Micron (MU) stock hit a new all-time high on Monday after the company's deal with Anthropic (ANTH.PVT) was announced. Yahoo Finance Senior Business Reporter Ines Ferré takes a closer look in the video above.
Netflix stock is on track for its worst day in nearly two months and a fraction higher than its 52-week low of $71.8 per share.
David Tepper added to his position in the iShares MSCI South Korea ETF (NYSEARCA:EWY) during the first quarter of 2026, building on a stake he first established in the fourth quarter of 2025. He bought Micron Technology (NASDAQ:MU) at the same time. The pairing tells you what the trade actually is. One memory bet wears ... David Tepper’s Most Ignored Trade of 2026 Is a $400 Million Bet on an Entire Country’s Economy
The Dutch lithography leader remains a strong long-term investment.
Memory chipmaker SK Hynix (000660.KS) has accelerated ahead to become South Korea's most valuable company with a market cap of $1.36 trillion. Yahoo Finance Tech Editor Dan Howley discusses SK Hynix's gains resulting from the memory chip rally.
US futures were pointing higher at the start of the week as investors return from the Juneteenth holiday weekend, with technology stocks expected to lead gains despite lingering uncertainty over the Middle East and the prospect of further Federal Reserve tightening. Dow Jones futures were up...
