Overview
- Large-cap technology and semiconductor stocks led a broad decline that pulled down major global indexes and weighed most heavily on the Nasdaq.
- A fresh wave of selling in chipmakers triggered brief trading suspensions for Samsung and SK Hynix in South Korea and deep losses across memory and storage firms.
- Apple shares fell about 6% after the company warned it could no longer shield customers from sharply higher memory and storage chip costs.
- Press reports that OpenAI may postpone its IPO intensified risk aversion and helped drive record outflows from U.S. technology funds into Treasury securities.
- Oil futures fell to roughly four-month lows despite regional incidents because Saudi Aramco resumed Gulf loadings after nearly four months, easing near-term supply worries.