SK Hynix shares fell nearly 8% in early trading on Monday, July 13. This decline followed a U.S. market debut where American Depositary Receipts surged approximately 13%.
The company raised $26.5 billion in the largest-ever U.S. initial public offering by a foreign firm. Investors triggered a broader semiconductor sell-off while booking profits. Market participants are reassessing high valuations within the artificial intelligence sector.
Primary shares plunged over 15% in Seoul to mark a record single-day drop. This movement significantly lowered the local Kospi index.