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On June 23, Tuesday, European stock markets experienced a sharp decline in early trading, as a worldwide sell-off in technology stocks exerted downward pressure on various indices. Throughout the session, the Euro Stoxx 600 index registered a 1% decrease, with the technology and basic resources sectors at the forefront of the downturn. European semiconductor stocks, including ASML, ASM International, STMicroelectronics, and Infineon, witnessed their share prices tumble between 3% and 6%. In contrast to the stock indices in Japan and South Korea, which were severely impacted by a sweeping sell-off in chip manufacturers, the downturn in European markets was comparatively contained. Prior reports had revealed that SK Hynix is decelerating the production expansion of AI memory chips, opting instead to concentrate on more cost-effective commercial DRAM products.
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