SK Hynix shares in Seoul tumbled over 8%, profit-taking follows strong ADR debut

Odaily Odaily reported that SK Hynix shares in Seoul fell as much as 8.2% in early Monday trading as investors took profits following the stock's strong Nasdaq debut on Friday, where it surged 12.8%. NH Investment & Securities senior analyst Ryu Young-ho noted that profit-taking by investors after SK Hynix's US listing completion, coupled with cautious sentiment regarding the company's second-quarter earnings outlook, weighed on the stock.

He pointed out that investors had previously anticipated a ramp-up in shipments of SK Hynix's HBM4 chips starting from the second quarter, but such growth appears not to have materialized on a large scale. Ryu also added that investors have lowered earnings expectations, as SK Hynix's higher exposure to the HBM market compared to rival Samsung Electronics means it is likely to benefit less from the recent rally in DRAM chip prices. (Jinshi)