Why SK Hynix Stock ($SKHY) is Down Today?

Published by

Nidhi Kolhapur

July 13, 2026

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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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