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

Home

Industries

Computers/Electronics

Tech Stocks

Tech Stocks

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

July 13, 2026, 11:26 a.m. ET

Shares of Micron Technology, along with those of other memory-chip makers, sank Monday, as a historic decline in rival SK Hynix’s stock in South Korea triggered broad selling in semiconductor stocks on Wall Street.

The tumble in SK Hynix’s stock KR:000660, amid worries about rising Middle East tensions, comes one trading session after its high-profile new listing in the U.S. on Friday, which saw the stock shoot up 12.8% in its debut. That enthusiasm proved short-lived, however, as the South Korea-based memory-chip maker’s stock dropped 15% on the local exchange on Monday, the biggest one-day drop in 18 years. The U.S.-listed shares SKHY shed 6.1% in morning trading Monday.

Partner Center

Most Popular