Chip stocks slided in premarket trading, SK hynix fell 6%, SanDisk fell 5%, Intel fell 5%, Micron fell 5%, Seagate fell 5%, Western Digital fell 4%, Advanced fell 4%.
Optical communications stocks dropped in premarket trading, AXT fell 7%, Corning fell 6%, Coherent fell 5%, Lumentum fell 5%, Applied Optoelectronics fell 5%.
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