SK Hynix is trading 11% down at $XXX following a surprise Bank of Korea rate hike and a broader selloff in the global semiconductor sector.
- The KOSPI index plunged 6.6% as risk-off sentiment intensified across South Korean markets, impacting major technology listings.
- Global semiconductor weakness is being fueled by growing investor concerns regarding the sustainability of AI infrastructure spending.
- Double-digit declines in memory-chip indices and the stock's Seoul listing are further weighing on performance as the sector faces a significant rout.