00:00After a strong Wall Street debut, SK Hynix shares took a sharp hit in Seoul.
00:06The South Korean chipmaker plunged more than 15% today, posting the largest fall on record
00:13as investors logged in profits and reassessed the company's valuation following its American listing.
00:21The sell-off came just one trading day after SK Hynix's U.S.-listed shares surged in their Nasdaq debut.
00:30Monday's decline highlighted investor uncertainty over how to value the company's American shares
00:35relative to its South Korea-listed stock.
00:38The decline in SK Hynix's shares alongside those of rival chipmaker Samsung Electronics
00:43contributed to a 9% plunge in the Cosby on Monday, triggering a 20-minute trading suspension.
00:50Bloomberg reports foreign investors offloaded $1.1 billion worth of Cosby shares
00:55with selling in SK Hynix accounting for most of the amount.
01:00Analysts, however, say the pullback may prove temporary,
01:03with demand for AI memory chips still expected to outpace supply.
01:07SK Hynix is one of the world's leading makers of high-bandwidth memory chips
01:12used to power artificial intelligence systems.
01:14SK Hynix shuttle
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