SK Hynix Plunges Over 15% in Seoul, Triggering KOSPI Halt After Nasdaq Debut
- SK Hynix shares fell more than 15% in Seoul on Monday, dragging the KOSPI down about 9% and triggering a market-wide trading halt in a ‘sell the news’ reaction to Friday’s record $26.5 billion Nasdaq ADR listing (Reuters).
- Premarket U.S. trading pointed to a ~10% drop in SK Hynix ADRs, weighing on chipmakers and Nasdaq futures (CNBC).
- Investors are weighing fading near-term earnings momentum against Hynix’s role as a key HBM supplier to Nvidia, with the stock now a flashpoint for AI-memory sentiment.