🔴 SK Hynix is trading 6.4% down today on China supply glut fears and peaking DRAM prices

SK Hynix is trading 6.4% down today at €854 as fears of a Chinese-led supply glut and peaking DRAM prices trigger a sharp selloff across the memory-chip sector.

• The drop follows disappointing earnings results that failed to meet lofty market expectations, fueling concerns over a cyclical peak.
• Investors are increasingly worried that China’s CXMT IPO and expanding DRAM capacity will significantly pressure SK Hynix’s future pricing power and profit margins.