SKY Perfect JSAT is trading at €12.20 (-3.94%) amid a broad risk-off move in technology and chip-related stocks, despite no company-specific news appearing in recent results.
- The decline follows sector-wide pressure and shifting sentiment regarding semiconductor and AI-related capital expenditure after TSMC updated its spending plans.
- Regional weakness in Asian equities intensified following the Bank of Korea’s rate hike and a significant selloff in the KOSPI, weighing heavily on Japan-linked tech names.