Stocks Set to Open Lower Amid SK Hynix Selloff, Inflation Data, and Bank Earnings Ahead
Global chipmakers are under pressure following a sharp decline in South Korean memory stocks like SK Hynix (-15%) and Samsung Electronics (-10%), which triggered losses for U.S. peers such as Micron Technology (MU) and Sandisk (SNDK). Market sentiment is further weighed by rising oil prices due to Middle East tensions, with investors awaiting key inflation data and major bank earnings.
Topics: AI stocks chip sector selloff Middle East tensions oil prices SK Hynix stock market