Broadcom’s stock plunge sends shock wave to Samsung, SK Hynix
The share rout in Seoul was led by chipmakers after disappointing artificial intelligence chip revenue guidance from U.S. company Broadcom. (Photo by Yo Inoue)
SEOUL — South Korean stocks fell as much as 6.9% on Friday at one point, as shares of the market’s two leading companies — Samsung Electronics and SK Hynix — dropped sharply, hit by U.S. chipmaker Broadcom’s $285 billion wipeout in market value overnight.
Consolidation below the 216.00 level has given way to rebound from the 214.50 support LevelsImpComment LevelsImpCommentR4222.00*congestion S1215.00*congestion R3220.00*congestion S2214.50/00*congestionR2217.50*wedge top S3 213.00*congestionR1216.60**30 Apr YTD high S4 212.40**Jun...
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