🔴 SK Hynix is trading 4.52% down today on China DRAM competition fears

SK Hynix is trading at KRW 1,605,000, down 4.52%, as concerns over Chinese DRAM competition weigh on the shares.

• China’s CXMT reported progress on a denser DRAM design and plans a server-memory product by year-end, stoking competition and pricing-pressure fears.
• Peer memory stocks also fell as Korean equities weakened; the KOSPI dropped 3.7% amid persistent foreign selling.