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المشهد العربي
Semiconductor Stocks Decline Due to Profit-Taking and Energy Concerns
Shares of semiconductor companies in the American market declined significantly due to profit-taking and growing concerns over the continued rise in energy prices resulting from geopolitical tensions in the Middle East. The "Philadelphia Semiconductor – SOX" index fell by 3.73% to reach 12,483 points, while the stock of South Korea's SK Hynix experienced a 15% loss. Other chip companies, such as Micron and SanDisk, also saw declines amid escalating worries about the impact of rising energy costs on interest rates and investor appetite.
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