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Chip Stocks Plummet as Markets Shift | Business and Finance News
Description
Chip stocks took a brutal hit globally yesterday, with South Korea’s Kospi crashing nearly 8% and giants like Samsung and SK Hynix reeling. Japan’s Nikkei followed suit. Analysts see this as a healthy market shift — a “passing of the baton” to other sectors. Meanwhile, the June jobs report looms, with economists forecasting 115K new jobs — a potential slowdown from May. Oil dipped below $70 a barrel, and the yen staged a comeback after hitting 40-year lows, sparking talk of intervention. Markets are in full motion — tech, jobs, oil, and currency all jostling for attention.
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