Shares of SK Hynix dropped to $139.45 in U.S. trading, marking an 11.89% decrease within 24 hours. This sharp decline followed a more than 8% plunge in South Korea’s KOSPI Index, triggering a 20-minute trading halt the market's eighth circuit breaker this year. The selloff was influenced by worries over major tech firms, including Samsung Electronics and SK Hynix, which both faced pressure amid growing concerns about the semiconductor sector’s outlook.
Investors reacted nervously as global chip demand shows signs of slowing, impacting South Korea’s key tech exporters. The downturn reflects broader market volatility, with the KOSPI suffering one of its steepest drops in recent months. SK Hynix’s stock performance is closely watched given its role as one of the world’s top memory chip manufacturers.
