Shares of South Korean chipmaker SK Hynix fell more than 15% on Monday, July 13, 2026, following its successful debut on the Nasdaq stock exchange at the end of last week. This decline came just days after the company's shares had risen approximately 13% on their first trading day in New York. The drop reflects growing concerns among investors that the memory chip industry's recent uptrend might have reached its peak. Concurrently, South Korea's KOSPI index also tumbled amid these market worries.
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SK Hynix Shares Drop Over 15% Following Nasdaq Debut Amid Market Concerns
After an initial 13% rise on Nasdaq, SK Hynix's stock fell sharply as investors worry the memory chip sector's growth may have peaked.
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