SK Hynix shares fall, dragging the entire chip industry lower
Coinjiejie News: SK Hynix’s stock fell 6% on Monday, triggering a broader pullback across the chip industry. Investors, worried that the market was overheated, chose to take profits; SK Hynix’s share price in Asian markets fell 15%. A brokerage report from South Korea showed that SK Hynix’s operating profit in this quarter may be lower than expected, weighing on market sentiment. Rival Samsung Electronics’ stock also fell accordingly. In the United States, AI memory stocks Micron, SanDisk, and Western Digital all fell by about 5%. In addition, chip-related stocks Intel, AMD, Broadcom, and Arm Holdings also dropped by about 2% alongside the broader market. The semiconductor sector’s downturn occurred after SK Hynix’s U.S. listing last Friday, when its U.S. depositary shares rose nearly 13% in their first trading. The company raised 265 billion in this listing.
