Samsung Electronics fell 7.7% and SK Hynix plunged 8.8% as chip shares sold off on Tuesday, AP and Yahoo Finance said. [E3][E6]
Trading Economics said South Korea's Kospi closed 5.46% lower at 6,035 on Tuesday, after an intraday low of 5,911. AP and Yahoo Finance printed the low at 5,914.35, down 7.4% and its lowest level since late July, and those lows disagree. [E1][E2][E4][E5][E9] Tuesday's Seoul session is a later event than this paper's July SK Hynix Nasdaq debut and the 16 July reversal.
Yahoo Finance reported that the latest advances made by China's memory chipmaker CXMT could increasingly challenge Samsung Electronics, SK Hynix and Micron Technology, the world's biggest memory chipmakers. [E7]
Maeil Business said that as China's Changsin Memory Semiconductor (CXMT) announced progress in DRAM technology, concerns about the competitiveness of domestic semiconductor companies are believed to have dampened investor sentiment. [E8]
Trading Economics said foreign investors sold a net KRW 4.51 trillion worth of shares. [E10]
Seoul Economic Daily said the Korea Exchange triggered a sell sidecar, a temporary suspension of program sell orders, on the main board at 9:47:58 a.m. [E11][E12]
Changxin Memory Technologies, China's largest DRAM maker, said it would unveil next-generation DRAM products for servers, Seoul Economic Daily said. [E13]