SK Hynix shares in Seoul drop as investors take profit after Nasdaq debut
SK Hynix shares fell as much as 8.2% in early trading in Seoul on Monday, after investors moved to lock in gains following the company’s Nasdaq debut. The stock had surged 12.8% on its first trading day in the U.S. on Friday. Ryu Young-ho, a senior analyst at NH Investment & Securities, said the pullback came after the U.S. listing was completed and as sentiment weakened on a more cautious view of the company’s second-quarter results. He said investors had expected HBM4 chip shipments to increase from the second quarter, but that growth does not appear to have materialized on a large scale. Ryu also said earnings expectations have been revised lower. Compared with rival Samsung Electronics, SK Hynix has greater exposure to the HBM market, which he said may leave it less able to benefit from the recent rise in DRAM chip prices.








