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Chip-Wrecked
MPC Markets Morning Call — 24 June 2026: Global Stocks Get Chip-Wrecked
The headline writers got their byline this morning: markets got chip-wrecked. South Korea's KOSPI triggered circuit breakers and suffered its second-worst session in history — down 10% — after a local report claimed SK Hynix is shifting production away from AI memory chips (HBM) and back to cheaper commodity DRAM. Samsung copped the same treatment. Both stocks make up roughly half the index, so it was carnage.
The damage spread fast. The Philadelphia Semiconductor Index (SOX) dropped 8%, Micron fell 13%, and the Nasdaq…
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