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South Korean semiconductor stock movements following Micron earnings



Growing trade tensions between the U.S. and China, coupled with nagging concerns about the Chinese economy have rattled confidence in some of the industry's key players. Soft-Selling, along with a deceleration in cryptocurrency mining ventures, further fed investor anxiety surrounding weakened demand

Looking ahead, Credit Suisse's Nigam said investors should focus on supply-side issues within the sector, with Micron, SK Hynix and Samsung

"Based on the current (capital) guidance from all three major memory makers, you are looking at a underlying supply growth that will not be more than 15 percent," Nigam said. "Demand growth, even in a reasonably bearish scenario, is likely to be well ahead of that."

As a result, he said, the discussion in the sector could be moving from "current inventory concerns and sharp"

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1; Reuters, along with CNBC's Maggie Fitzgerald and JR Reed, contributed to this report.


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