KOSPI-Driven Margin Cascade Triggers ASML Share Sell-Off
A margin cascade triggered by the KOSPI index led to automated selling across the semiconductor sector, pushing ASML shares down more than 5% intraday. Analysts are raising price targets for ASML due to its monopoly on extreme ultraviolet lithography and a $190 billion capital expenditure cycle.
Topics: ASML KOSPI index margin calls semiconductors Wall Street analysts