SK Hynix Plummets 29.97% to Lower Limit in Premarket with Only 11 Shares Traded

SK Hynix-0.16%
According to Yonhap News, SK Hynix dropped 29.97% to the lower trading limit on August 6, closing at 1.168 million Korean won from the previous close of 1.668 million won, with only 11 shares traded in premarket session. The extreme price move triggered the volatility interruption (VI) mechanism, which halted continuous trading for 2 minutes to allow for single-price auction matching. Once trading resumed, the decline narrowed to between 3% and 4%. The premarket opening anomaly marked the second such incident in two weeks; on July 28, SK Hynix hit the lower limit with just 1 share traded.
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