SK Hynix is trading at $173.77, down 3.05%, with lockup-expiry concerns cited as an immediate selling concern.
- The October 8 expiry and ADR’s roughly 38% premium to Seoul shares are cited as selling concerns.
- Investors are also cautious ahead of third-quarter earnings, while memory stocks face broader sector pressure from rising yields and oil.
- SK Hynix’s strengthened AMD partnership is positive background, but available reporting does not identify it as the cause of the decline.