SK hynix stock plunges domestically despite positive news of U.S. listing
SK hynix stock plunges as concerns about a peak in the semiconductor industry and selling pressure overlap. Check foreign and institutional investor flows amid the KOSPI's simultaneous decline and review your investment strategy.
SK Hynix showed strength on the first day of its U.S. Nasdaq ADR listing, but on the 13th it fell sharply in the domestic stock market. On the same day, the KOSPI also plunged, significantly dampening investor sentiment across the market.
According to the article, SK Hynix closed at 1,845,000 won, down more than 15% from the previous trading day, as massive selling by foreign investors and institutions continued. Samsung Electronics also failed to hold onto its intraday gains and fell sharply.
In the securities industry, analysts said that secondquarter earnings could slightly miss market expectations, and that debate over whether the memory semiconductor industry has peaked is putting pressure on the stock price. It was also noted that global investors are adjusting their exposure to AIrelated stocks and diversifying funds into other sectors.