Business · Markets · 2 hrs ago

South Korean chip ETFs fall as Samsung and SK Hynix weaken

South Korean chip ETFs fall as Samsung and SK Hynix weaken

South Korea’s Samsung Electronics and SK Hynix shares weakened, dragging down semiconductor exchange-traded funds, or ETFs.

These funds hold groups of investments and can focus on particular companies or parts of an industry.

Several chip ETFs fell to the bottom of performance rankings in the South Korean market.

Funds concentrated in the two major chipmakers were hit, but broader funds also lost ground.

Some ETFs that included semiconductor materials, components and equipment lost more than 10% in one week.

The losses show that spreading investments across more chip-sector companies did not prevent sharp declines during this period.

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