🔴 SK Hynix is trading 5% down today amid renewed doubts over AI spending returns

SK Hynix is trading at KRW 1,398,000, down -5.03% in the November 3 session, amid renewed doubts about returns on heavy AI infrastructure spending.

• The decline coincided with a 3.59% drop in the KOSPI and selling pressure in major chip stocks; foreign investors also increased selling.
• A November 3 report about a possible New York NAND plant remains undecided, and available evidence does not establish it as the cause.