US Stock Futures Dip as Chip Stocks Decline Pre-market; Micron ADR Down Approximately 5%

BlockBeats News, July 16th, according to BIT (bit.com) market data, US chip stocks fell in pre-market trading, with SK Hynix ADR down about 5%. South Korea announced today an increase in the chip leveraged ETF's minimum margin requirement, banning new single-stock leveraged products from being listed.

TSMC fell about 2%. Earlier today, it released its second-quarter financial report, showing impressive performance but also raising its future three-year capital expenditure outlook.

SanDisk fell about 4%, Western Digital fell about 4%, and Seagate Technology fell about 3%.