July 2, 2026. The Asian technology sector is experiencing a "Black Thursday". Shares of leading South Korean semiconductor manufacturers Samsung Electronics and SK Hynix have shown a sharp decline, pulling the main national index Kospi. Investor sentiment in Asia has been undermined by a large-scale sell-off on the US Nasdaq.

 Billion-dollar losses at the opening of trading
From the first minutes of the trading session on July 2, the quotes of technology giants went deep into the red. Samsung Electronics shares lost more than 7% in value, while SK Hynix suffered even more, falling by more than 9%.

 The negative trend extended to related structures: SK Square, the largest shareholder of SK Hynix, saw its shares fall by 10%. This sharp correction led to the loss of billions of dollars in market capitalization in a sector that was once considered a driving force in the stock market.

 The echo of Wall Street
The panic in Seoul was caused by investors' nervous reaction to events in the United States. July began poorly for the Nasdaq index, as a mass exodus of investors from high-tech assets triggered a wave of sell-offs.

 The chip segment was particularly affected. On Wednesday, July 1, Micron Technology's shares plummeted by over 10%. Notably, this significant decline occurred after a "golden period" for the company, as its shares had experienced a phenomenal 260% increase since the beginning of 2026. Sandisk's shares also fell by more than 10%.

 Other industry leaders were also caught in the middle of the market storm. Nvidia and Broadcom's shares also fell by 1-2% at the end of the day.

 What awaits the market next?
Analysts note that the current sell-off is a result of market overheating, where investors have started to actively book profits after a long rally in the technology sector.

"Investors have become extremely sensitive to any signs of a slowdown in the semiconductor industry. Any movement on the Nasdaq is now instantly transmitted to Asia, causing a chain reaction," financial market experts comment.

 At the moment, traders are taking a wait-and-see approach, trying to determine whether the current decline is a temporary correction or the beginning of a longer "bearish" cycle for technology companies.