SK Hynix ADR (SKHY.O) fell below its $149 offer price for the first time on July 17, according to market data from BIT (bit.com). The move came as losses across U.S. technology shares widened at the same time. In the chip sector, the Philadelphia Semiconductor Index dropped more than 5%. AMD fell more than 7%, Intel lost more than 6%, and Taiwan Semiconductor Manufacturing Co. (TSMC) declined more than 5%. The snapshot points to broad weakness across semiconductor names during the session, with SK Hynix’s ADR breaking below its issue price as the sell-off spread through major chip stocks.
SK Hynix ADR (SKHY.O) fell below its $149 offer price for the first time on July 17, according to market data from BIT (bit.com).
Losses in U.S. technology shares also widened. The Philadelphia Semiconductor Index dropped more than 5%, while AMD fell more than 7%, Intel lost more than 6%, and TSMC declined more than 5%.
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