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Asian chip stocks fall on ASML's disappointing forecast, possible U.S. export cap

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Shares of Japanese semiconductor manufacturing firm Tokyo Electron logged the biggest loses, dropping nearly 10%.

Asian chip stocks fell on Wednesday after Dutch semiconductor equipment maker ASML posted disappointing sales forecasts, driving down global stocks in the sector.

Asian chip stocks fell on Wednesday after Dutch semiconductor equipment maker ASML posted disappointing sales forecasts, driving down global stocks in the sector.South Korean chipmaking heavyweight SK Hynix, which manufactures high bandwidth memory chips for AI applications for Nvidia, traded 1.6% lower. While Samsung Electronics, the world's largest maker for dynamic random-access memory chips, saw its shares drop 1.9%.

ASML has faced a tougher business outlook in China due to U.S. and Dutch export restrictions on its shipments.

 

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