SK Hynix Plunges After Nasdaq Debut
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- SK Hynix ADRs tumbled on their second trading day following a Korea selloff, reversing the chip-stock euphoria that fueled its Nasdaq debut
- SK Hynix raised $26.5 billion in its Nasdaq IPO, per prior reporting
Why it matters: A sharp two-day reversal from IPO surge to selloff suggests the initial retail bid around SK Hynix's $26.5 billion listing evaporated quickly, and the Korea selloff framing indicates the drop reflects broader regional pressure on memory chip names rather than company-specific weakness.
