📈 Stocks & Economy🇮🇳 India
Chip Stocks Crash Globally After SK Hynix Posts Worst Day in 18 Years
MarketWatch·Tuesday, 14 July 2026
South Korea's SK Hynix saw its worst single-day stock drop in 18 years, dragging down the entire global chip sector including US names like Micron. The Philadelphia Semiconductor Index (SOX) suffered a unanimous selloff across all constituents. The contagion spread quickly across Asian and US trading sessions.
Why It Matters
India's fast-growing semiconductor ambitions and the many Indian IT firms that supply chip design services mean a prolonged global chip downturn could affect jobs, investment, and export earnings.
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