🔴 SK Hynix is trading 5.7% down today on global chip rout and AI valuation concerns

SK Hynix is trading 5.7% down at $1160.00 as the stock continues to reel from a sharp selloff fueled by a global semiconductor rout and AI valuation concerns.

• The drop follows an 11% slide in Seoul on July 17, 2026, tied to a Bank of Korea rate hike and heavy pressure on Korean tech shares.
• Market sentiment remains bearish due to broader concerns regarding memory-chip pricing and a sector-wide risk-off environment.
• The decline is part of a larger global semiconductor rout as investors reassess valuations within the AI space.