Economic TimesLean R·
SK Hynix US-listed shares slip nearly 8% as Nasdaq debut euphoria cools
SK Hynix's US-listed shares fell nearly 8% in early trade on Monday, giving up part of Friday’s strong debut gains as investors booked profits after a sharp rally in AI-linked memory stocks. The South Korean chipmaker’s American Depositary Receipts dropped 7.9% to $154.7 in early trading. The fall came after the ADRs jumped more than 12% on their Nasdaq debut on Friday. SK Hynix had priced the ADRs at $149 each, opened at $170 and ended their first session at $168.The sell-off was sharper in Se…
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