MU, SNDK dip overnight: KOSPI hits halt amid Asian tech chip rout, SoftBank, Samsung, SK Hynix retreat

U.S. memory chip stocks, including Micron and Western Digital, dipped overnight amid a sharp selloff in Asian tech shares. South Korea's KOSPI plunged over 5%, triggering a trading halt, while Samsung and SoftBank retreated significantly. The decline reflects profit-taking and broader market uncertainty driven by Middle East tensions and rising oil prices. Retail sentiment turned bearish for major memory stockholders.

・Micron shares dipped 1.3%, while SanDisk and Seagate stocks dipped 2.2% each and Western Digital fell 1.7%. ・South Korea’s benchmark KOSPI was last down 5.3% at 6,558.41, after earlier falling as much as 6.4% and a brief halt in trading. ・The retail sentiment was ‘bearish’ for MU, STX, SKHY and WDC, and ‘bullish’ for SNDK. U.S. memory chip stocks ...