SK Hynix Shares Drop Over 10% in Seoul After Strong Nasdaq Debut
SK Hynix shares fell more than 10% on the Korean exchange following a strong debut of its American Depositary Receipts (ADRs) on Wall Street. The decline is attributed to profit-taking and valuation uncertainty between U.S.-listed ADRs and domestic shares, with analysts suggesting it may be temporary due to ongoing structural AI demand.
Topics: ADR listing AI demand memory chips SK Hynix valuation