SK Hynix is trading 4.18% down at $1260.00, amid foreign investors’ heavy selling and profit-taking after a sharp share-price rise.
- On October 7, SK Hynix was the largest foreign net-sold stock, with 1.3633 trillion won sold.
- Korean shares also faced pressure from higher oil prices and U.S. Treasury yields, as investors positioned cautiously ahead of Samsung Electronics’ earnings announcement.
- Available reports point to selling and market conditions, not a new company-specific SK Hynix announcement.