[Breaking News] U.S. semiconductor stocks plunge as Samsung Electronics and SK hynix fall more than 4% in premarket trading

[Financial News] As geopolitical tensions in the Middle East have flared again over the Strait of Hormuz and the New York Stock Exchange (NYSE) closed lower, semiconductor stocks are also showing broad weakness in the domestic premarket trading session.
As of 8:05 a.m. on the 8th, Samsung Electronics was trading at 284,000 won on the NextTrade (NXT) premarket, down 4.05% from the previous session, or 12,000 won. SK hynix was down 4.32%, or 95,000 won, at 2,106,000 won.
The weakness appears to reflect pressure on investor sentiment after major semiconductor stocks tumbled in the NYSE session that ended on the 7th local time, as profit-taking emerged on elevated expectations following Samsung Electronics' earnings release.
In the New York stock market that day, Intel plunged 9.66%, while Micron (-4.65%) and AMD (-6.51%) also fell sharply. The iShares Semiconductor ETF (SOXX) dropped 5.13%. The Dow Jones Industrial Average (DJIA) closed down 0.25% at 52,924.56, while the S&P 500 Index and the Nasdaq Index fell 0.45% and 1.16%, respectively.
sms@fnnews.com Sung Min-seo Reporter