SK Hynix Plunges 15% in Record Drop as AI Rally Falters

Price Action Impact 4

โดย GuruFocus·Read original

Summary · why it matters

SK Hynix recorded its largest-ever single-day decline of 15% on Monday as investors reassessed South Korea's AI-driven stock rally. The selloff dragged the Kospi index down 9% and triggered a market-wide trading suspension, while Samsung Electronics fell nearly 11%. Foreign investors sold 1.7 trillion won, or approximately $1.1 billion, of Kospi-listed shares, with SK Hynix accounting for most of the outflow. The decline reduced SK Hynix's market capitalization to $875 billion, less than two months after it entered the $1 trillion valuation group, and Samsung's market value also dropped below $1 trillion, with both stocks now trading at least 30% below last month's record highs. The pressure extended to U.S. premarket trading, where SK Hynix's American depositary receipts fell about 9%, while Micron Technology declined 5.8% and Sandisk dropped 6.8%.