🔴 CXMT is trading 3.1% down today on SK Hynix earnings miss and DRAM competition fears

CXMT is trading 3.1% down today at CNY 51.30 as memory-chip stocks fall sharply following a disappointing earnings report from SK Hynix.

• The decline retraces a portion of the stock's massive post-IPO surge.
• Investors are concerned that CXMT’s high-profile public listing will intensify DRAM competition and pressure profit margins across the sector.