🔴 SK Hynix is trading 7.1% down today after surprise Korea rate hike and global chip selloff

SK Hynix is trading at €1045.00, down 7.1% following a surprise interest rate hike by the Bank of Korea and a broader retreat in global semiconductor stocks.

• The Bank of Korea’s decision triggered a 6.6% drop in the KOSPI index, with SK Hynix shares in Seoul plunging 11.2%.
• Global memory-chip stocks are facing heavy selling pressure as investors take profits amid growing concerns that the AI-driven semiconductor boom may be reaching a peak.