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Why SK Hynix Stock ($SKHY) is Down Today?
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
SK Hynix shares fell more than 10% in Seoul after the company’s strong Nasdaq debut, as investors took profits following a sharp rally. The decline also reflected concerns over softer-than-expected momentum in HBM4 memory chip shipments and a broader market sell-off that pushed the KOSPI lower. Despite the drop in South Korea, Nasdaq-listed SKHY continued to trade above its IPO price in pre-market trading. Investors will watch AI memory demand and upcoming earnings for signs of sustained growth.
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