SK Hynix Shares Plunge After Nasdaq Debut Amid Cooling Memory Chip Market Sentiment
Shares of SK Hynix fell more than 15% on Monday, marking its largest one-day drop in nearly two decades following a strong but short-lived rally after the company's Nasdaq debut. The decline contributed to an almost 9% fall in South Korea’s Kospi index and dragged down U.S.-listed chipmakers like Micron Technology and Western Digital.
Tickers: $MU $SKHYV $SNDK $WDC
Topics: memory chips Nasdaq debut SK Hynix IPO South Korean stocks