Samsung Electro-Mechanics Plunges 18.62% on July 13, Dragging Semiconductor ETFs Down 20% in One Week

According to E-Daily, on July 13, Samsung Electro-Mechanics shares plunged 18.62%, outpacing losses from larger peers Samsung Electronics (down 10.70%) and SK Hynix (down 15.37%), and triggering sharp declines across South Korean semiconductor-focused ETFs. The KODEX AI Semiconductor TOP2 Plus ETF, which holds Samsung Electro-Mechanics at a 17.55% weighting, fell 14.85% on the day. Similar products including 1Q K-Semiconductor TOP2 Plus (17.12% weighting) and ACE K-Semiconductor TOP2 Plus (17.02% weighting) dropped 14.65% and 14.18% respectively. ETFs heavily weighted to Samsung Electro-Mechanics all posted one-week returns of negative 20% or worse, while ETFs without exposure to the company, such as PLUS Global HBM Semiconductor and TIGER Semiconductor TOP10, saw more limited declines of 8.17% and 8.64% respectively.
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