Tuesday, March 7, 2006
Samsung Electronics and Hynix Semiconductor's stocks got punished as concerns over falling NAND flash memory prices darkened the profit outlook for the leading chip makers.
A media report on Monday that Japanese rival Toshiba Corp. will build a new NAND plant with its partner SanDisk Corp. triggered fears that oversupply could aggravate the fall in NAND prices and pressure makers' profits, analysts said.
Growing expectations that the United States would continue tightening its monetary policy, potentially hitting U.S. consumer spending, also weighed on the shares, they added.
By: DocMemory
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