Nasdaq Futures Fall 0.7% as Asian Chip Selloff Weighs on Markets; Samsung, SK Hynix Plunge 10%

As of early Friday trading (4:00 a.m. ET), Nasdaq futures fell 0.7% and S&P 500 futures declined 0.2%, pressured by a sharp selloff in Asian memory-chip stocks. Samsung Electronics and SK Hynix, two of the world's largest memory suppliers, each plunged as much as 10%, dragging U.S. chipmakers including Micron, Western Digital, and SanDisk lower in premarket trading.

The decline follows a hotter-than-expected inflation reading Thursday, with the Federal Reserve's preferred PCE index hitting a 31-month high, fueling fresh caution around near-term interest rate cuts. Among trending stocks, Triller Group surged 97% after signing an agreement to acquire an economic interest in SpaceX, while Titan Mining rose nearly 40% following its selection by the U.S. Army for a critical minerals processing partnership.