AI Winners Unwind, Causing Panic in South Korea's SK Hynix and KOSPI

Shares of AI winners are unwinding, leading to panic in South Korea as SK Hynix suffered its steepest decline on record following its ADR debut, causing the KOSPI index to drop significantly.

13 Jul, 11:25 — 13 Jul, 11:25

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zerohedgeLow15d ago

AI Winners Unwind Sparks Panic In South Korea As SK Hynix Suffers Record Plunge, KOSPI Dumps

AI Winners Unwind Sparks Panic In South Korea As SK Hynix Suffers Record Plunge, KOSPI Dumps SK Hynix shares suffered their steepest decline on record in Seoul following Friday's blockbuster ADR debut in New York. The sell-off spread across South Korea's memory and data storage stocks, helping to drive the benchmark KOSPI down as much as 9% and triggering a 20-minute market-wide trading halt. SK Hynix fell 15% to 1.845 million won on Monday, while its ADRs dropped nearly 9% in ...

By Tyler Durden

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AI Winners Unwind, Causing Panic in South Korea's SK Hynix and KOSPI

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AI Winners Unwind Sparks Panic In South Korea As SK Hynix Suffers Record Plunge, KOSPI Dumps

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