Chip selloff deepens as SOX enters bear market, Asian stocks fall
Why it matters: The Philadelphia chip index has dropped 20.2% from its June peak, pressuring AI-linked shares from Seoul to Wall Street.
Subject
#Philadelphia Se Semiconductor Index
Nasdaq posts biggest drop since April 2025 as chip stocks sink
Why it matters: A stronger-than-expected May jobs report pushed traders to price in a 42.7% chance of a Fed rate hike by December.
Bloomberg, The Business Times (Singapore)