High-Flying Chip Stocks Bear Brunt of Iran War Risk-Off Trade

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000As the conflict in the Middle East drags into a fifth week, global investors are electing to sell even the technology stocks that have been among the market’s biggest winners in recent months.Memory chipmaker Micron Technology Inc. closed 9.9% lower Monday and slumped even further in post-market trading. Among peers, Samsung Electronics Co. slumped nearly 5% and SK Hynix Inc. dropped as much as 7.7% in early Korea Exchange trading Tuesday.