Memory chip giant SK Hynix plunged further in South Korea on Monday, just one trading day after its successful debut on the Nasdaq. Shares listed on the Korea Stock Exchange closed down 15.4% (the steepest drop in the stock’s history) as investors locked in profits after a months-long rally and the company’s closely watched ADR
Popular South Korean chip stock SK Hynix plunged on Wednesday as a sell-off in AI semiconductor stocks overshadowed investor enthusiasm ahead of the memory giant’s debut on Nasdaq later this week. The stock fell along with its semiconductor peers, including Samsung Electronics, despite demand for SK Hynix’s upcoming U.S. listing, which is several times oversubscribed,
