Samsung and SK Hynix shares tumble as Apple price hike stokes AI cost fears
Global stock markets fell on 26 June 2026 after a sell-off in memory chip makers Samsung and SK Hynix, triggered by Apple's price increase announcement which fuelled concerns about AI infrastructure costs. Oil prices extended their decline as traffic through the Strait of Hormuz remained largely uninterrupted despite a ship attack. JPMorgan Asset Management strategist Priya Misra discussed the market's recalibration of bets on Federal Reserve rate hikes.
Comments
No comments yet — be the first to weigh in 👇
No comments yet. Be the first!