US semiconductor slump continues, dragging Samsung and SK Hynix shares down over 1% in pre-market

South Korean semiconductor giants Samsung Electronics and SK Hynix are experiencing continued weakness in pre-market trading, with both stocks falling more than 1% on July 3, 2026. This follows a severe sell-off on the previous day, where Samsung Electronics plunged 9.06% and SK Hynix plummeted 14.57%. The current pre-market decline, with 577 stocks trading down 0.83% as of 8:12 AM, indicates the negative sentiment is persisting. Samsung Electronics was trading at 283,000 won, down 3,000 won (1.05%), while SK Hynix was at 2,157,000 won, down 30,000 won (1.37%). The downturn is largely driven by a significant drop in the US stock market, particularly within the semiconductor sector. Major US chipmakers like Micron, SanDisk, Western Digital, and Seagate experienced sharp declines, contributing to a 5.45% fall in the Philadelphia Semiconductor Index. This global semiconductor slump is impacting investor confidence and leading to the continued pressure on major Asian chip manufacturers.