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Samsung Elec, SK Hynix shares slide, tracking falls in global chip stocks

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By Reuters | Updated: July 18, 2024

SEOUL, July 18 (Reuters) – South Korea’s major chipmakers Samsung Electronics (005930.KS) and SK Hynix (000660.KS)  fell 1.9% and 3.9%, respectively, on Thursday, following losses in global chip stocks.

Wall Street’s semiconductor index lost more than $500 billion in stock market value on Wednesday in its worst session since 2020 after a report said the United States was considering tighter curbs on exports of advanced semiconductor technology to China.

@ Thomson Reuters 2024