SK Hynix is trading at €1350.00 (-4.26%) following a sharp post-rally pullback, as the decline appears to be driven by profit-taking rather than fresh negative catalysts.
- The move follows the company's Nasdaq ADR debut and a U.S. share offering that was oversubscribed by more than seven times, though this news was already priced in prior to the current session.
- Broader semiconductor sentiment remains constructive, with the Nasdaq gaining 1.30% on July 9 as chip stocks continue to benefit from robust AI-memory demand.