Major semiconductor sector stocks in Asia have been hit by the industry ’s downgrade from Morgan Stanley . South Korean chipmakers Samsung Electronics and SK Hynix fell over 3 % following the lowered price , while semiconductor - linked stocks in Asia also took a tumble . Morgan Stanley lowered the company ’s price to “ cautious ” , reflecting its analysts ’ belief that the company will underperform the market over the next 12 to 18 months .
Major semiconductor sector stocks in Asia have been hit by the industry’s downgrade from Morgan Stanley. South Korean chipmakers Samsung Electronics and SK Hynix fell over 3% following the lowered rating, while semiconductor-linked stocks in Japan also took a tumble. Morgan Stanley lowered the sector’s rating to “cautious”, reflecting its analysts’ belief that the industry will underperform the market over the coming 12 to 18 months.