On Monday, U.S. memory-related stocks extended their decline. SanDisk Corp. plunged more than 13%, while SK hynix dropped over 8% to hit an all-time low since its listing.

Micron Technology fell 7%, pushing its total market capitalization below the $1 trillion mark.

Meanwhile, Western Digital and Seagate Technology PLC also retreated, sliding more than 8% and over 7%, respectively.
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