{
  "id": 1846660,
  "title": "SK Hynix, Samsung Electronics fall 7% as Asian equities decline, chip sell-off extends",
  "url": "https://urgent.news/2026/08/19/sk-hynix-samsung-electronics-fall-7-as-asian-equities-decline-chip",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-19T01:18:01.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/sk-hynix-samsung-electronics-fall-7-asian-equities-decline-chip-sell-extends"
  },
  "original_language": "en",
  "account": "Technology stocks saw a decline as Asian equities dropped amid an ongoing sell-off in semiconductor shares. The MSCI’s Asia Pacific equities benchmark fell over 1 per cent, with South Korean shares plummeting nearly 6 per cent on Wednesday. Samsung Electronics and SK Hynix, key chip bellwethers, both experienced around 7 per cent declines. The US semiconductor gauge slipped 5 per cent, prompting the tech sell-off. Among regional markets, the S&P 500 futures fell 0.1 per cent, Hang Seng futures dropped 0.3 per cent, and Japan’s Topix declined 1.6 per cent. Australia's S&P/ASX 200 index also saw a 0.5 per cent decrease. Nasdaq 100 contracts edged lower after the index fell 1.7 per cent. Treasury yields edged higher, with 10-year yields remaining near multi-decade highs due to concerns of persistent inflation and government spending. Brent crude prices surged 0.3 per cent to US$91.30 a barrel, amid a deadlock between the US and Iran over control of the Strait of Hormuz. Gold prices also saw a slight drop. Elevated bond yields and rising oil prices contributed to a risk-averse market sentiment. Analysts noted that higher yields will increase borrowing costs for technology companies, potentially impacting capital spending and the growth of AI infrastructure firms.",
  "summary": "Technology shares are weaker after a closely-watched US gauge of semiconductor stocks sinks 5%",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Straits Times Business",
        "title": "Tech leads losses as Asian stocks track Wall Street sell-off",
        "url": "https://urgent.news/2026/08/19/tech-leads-losses-as-asian-stocks-track-wall-street-sell-off",
        "published": "2026-08-19T03:56:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}