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2026-07-13 10:01:26
【SK Hynix's Seoul Shares Plunge 10% as Profit-Taking Pressure After US Listing Concentrates】 (1) On Monday, SK Hynix's stock price fell sharply by 10% on the Korea Composite Stock Price Index (KOSPI), dragging down the overall market performance. This followed a 13% increase on its first day of trading on Nasdaq last Friday. (2) Jason Minsang Kam, head of active equity management at Seoul Kyobo Life Insurance, said that the gains in the New York market have been priced in, and the stock may face significant profit-taking and arbitrage liquidation pressure during the trading session. (3) SK Hynix's US$26.5 billion IPO is widely regarded as a bellwether for overseas listing financing demand and the sustainability of the artificial intelligence market. As a major supplier of high-bandwidth memory (HBM) for Nvidia's AI processors, the company has been closely watched by global investors. (4) Despite recent market concerns about overvaluation of AI and high capital expenditure levels, the IPO was reportedly oversubscribed by more than 7 times, demonstrating strong investor demand.
