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00:02SK Hynex shares in Seoul fell more than 15% on Monday, their biggest one-day decline in nearly
00:08two decades as investors took profits following the chipmaker's Nasdaq debut, according to Reuters.
00:13Its U.S.-listed shares dropped 7.9% after gaining more than 12% on Friday.
00:19The sell-off helped drive South Korea's Kospi down 9% and triggered a 20-minute trading halt.
00:26Micron Technology, SanDisk, and Western Digital also declined.
00:30Investors weighed high valuations, uncertainty over AI spending, and concerns that new chip
00:36capacity could eventually create oversupply.
00:39SK Hynex's CEO rejected those concerns and forecast a severe memory shortage in 2027.
00:45Analysts also cited caution around second-quarter earnings and slower-than-expected growth in
00:50HBM4 shipments.
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