Risk aversion spreads, global memory sector experiences across-the-board pullback

On March 3, influenced by Middle East geopolitical risks, foreign capital outflows, and market risk aversion, the global memory sector experienced a significant pullback across the board. A-share memory chip stocks generally fell, with GigaDevice, Montage Technology, and Jiangbolong all dropping over 6%, while Biwin Storage and Shenzhen Technology saw declines exceeding 8%. South Korean stocks saw KOSPI plunge 7.24%, Samsung Electronics drop 9.87%, and SK Hynix plummet 11.2%. Taiwanese memory stocks also weakened, with Nanya Technology, Winbond Electronics, and Macronix all experiencing significant declines. US memory stocks collectively corrected, with Micron Technology rising slightly by 0.07%, SanDisk falling 2.56%, Western Digital dropping 3.44%, and Seagate falling 6.94%.