SK Hynix Plunges Over 10% as Fed Hike, AI Funding Fears Hit Asian Tech
SK Hynix fell more than 10% on Thursday, leading a sharp Asian tech sell off as investors dumped chip and hardware names tied to the AI buildout. U.S. Treasury yields above 5% and hotter than expected inflation data stoked fears the Federal Reserve may raise rates further, increasing the cost of…
Zetik Blog1 min read