SK Hynix sinks after NASDAQ debut amid profit-taking, easing earnings optimism
- SEOUL: SK hynix shares fell more than 15 per cent in trading on Monday (Jul 13), its biggest one-day decline on record, as investors in Seoul cashed out of a scorching share price rally following its NASDAQ debut last week.
- The declines in SK hynix's shares, alongside those of rival chipmaker Samsung Electronics, contributed to a 9 per cent plunge in the KOSPI, triggering a 20-minute trading halt.
- Korean stocks extended losses after trading resumed, even as President Lee Jae Myung said on Monday his administration would channel government support into three major projects in chips, artificial in
Confirmed
- SEOUL: SK hynix shares fell more than 15 per cent in trading on Monday (Jul 13), its biggest one-day decline on record, as investors in Seoul cashed out of a scorching share price rally following its NASDAQ debut last week.
Unverified
- The declines in SK hynix's shares, alongside those of rival chipmaker Samsung Electronics, contributed to a 9 per cent plunge in the KOSPI, triggering a 20-minute trading halt.
- Korean stocks extended losses after trading resumed, even as President Lee Jae Myung said on Monday his administration would channel government support into three major projects in chips, artificial in
Sources: CNA