Movement Alert|Western Digital Falls 4.23% in Regular Trading, US Semiconductor Tariff Threat Drags Storage Chip Sector

Market Focus09-03 21:36

On September 3, Western Digital fell 4.23% in regular trading, trading at $425.23/share, with turnover of $175 million. The decline came amid broad-based selling across the storage chip sector.

On the news front, US Commerce Secretary Howard Lutnick stated that the US plans to introduce a set of targeted, carefully designed tariff policies specifically aimed at semiconductors. Lutnick explicitly linked tariff relief to companies building production facilities on US soil. In response, South Korea's presidential office noted that the specific tariff plan has not yet been finalized and pledged to maintain close consultation with the US to minimize adverse impacts on Korean firms.

The tariff threat triggered sector-wide weakness. SK Hynix fell over 3% in pre-market trading, while Broadcom dropped over 3%. SanDisk, Micron Technology, Seagate Technology, and Intel all declined. Within the Technology Hardware, Storage & Peripherals sector, Hewlett Packard Enterprise fell 8.97%, Seagate dropped 4.44%, SanDisk declined 2.07%, and Dell Technologies slid 1.88%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment