India, Oct. 13 -- Micron and SK Hynix stocks fell in early trading on Tuesday. Shares of US-based Micron Technology fell 4%, while SK Hynix shares dropped 5% as memory-chip stocks faced a global sell-off. The selling pressure increased after South Korea's benchmark KOSPI index plunged.

Samsung and SK Hynix shares suffered bigger losses in South Korea. SK Hynix shares fell 10%, while Samsung Electronics shares declined 7%. Both stocks extended their losing streaks to five consecutive trading sessions, according to Yahoo Finance.

The fall in these two stocks is significant for South Korea's stock market. Samsung Electronics and SK Hynix together account for more than half of the South Korean stock market's total market capitalisation. The...