24H | Chip, Storage Shares Rebound. SOXL Jumps 3%; SK Hynix, SanDisk, Navitas, Micron, Wolfspeed, Broadcom, Intel, Marvell up over 1%

Memory stocks extended their decline, with SK Hynix tumbling over 5% to lead losses in the semiconductor sector.

TradingKey - The U.S. will release its September CPI on Wednesday (October 14) Eastern Time, which will be one of the most crucial inflation datasets ahead of the Federal Reserve's October 27–28 policy meeting. The market currently expects that, driven by rising energy prices, U.S. headline inflation may continue to pick up, while core inflation growth could slow.

TradingKey - On October 12, Eastern Time, as tensions in the Middle East escalated, the three major U.S. stock indices posted mixed results, with memory stocks falling after Chinese DRAM manufacturer Changxin Memory Technology announced a new memory architecture.

TradingKey - On October 13, Japanese and South Korean stock markets weakened in tandem during early trading, with losses in South Korea expanding further. The Korea Composite Stock Price Index (KOSPI) opened down 3.10% at 6,186.08 points, subsequently extending its decline to 4.37% at 6,105.50 points; Japan's Nikkei 225 Index (N225) opened 0.68% lower at 68,564.85 points, later widening its loss to 1.86% at 67,745.61 points.

TradingKey - On October 12, US memory stocks generally weakened in pre-market trading. After Chinese memory chipmaker ChangXin Memory Technologies (CXMT) announced its R&D progress in next-generation DRAM technology, the market refocused on the global memory industry's competitive landscape, while memory stocks that had previously surged continued to face profit-taking.