SEOUL — Shares of South Korean chipmaker SK Hynix closed down more than 15% on Monday, July 13th, 2026, following its successful debut on the Nasdaq stock exchange at the end of last week. This decline comes just days after the company's shares rose approximately 13% on their first trading day in New York.
The drop in SK Hynix's stock price coincided with a broader tumble in the KOSPI index, driven by growing concerns that the memory chip industry's recent upward trend may have peaked. Market uncertainty about the future of memory chip stocks has contributed to the volatility.
The developments highlight investor caution despite SK Hynix's initial positive reception on Nasdaq.
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