On July 28, SK hynix fell 5.33% in regular trading, trading at 132.86 USD/share, with turnover of 897 million USD. The stock has now fallen well below its IPO price of 149 USD per share set on July 9.

The decline was driven by a sweeping global sell-off across the memory chip sector. South Korea's KOSPI index plunged 10.84%, marking its largest single-day drop in nearly a quarter. SK hynix's Korean-listed shares tumbled over 14%, Samsung Electronics fell more than 13%, and Japan's Kioxia dropped as much as 18%. The listing of Chinese DRAM leader CXMT on the Shanghai Stock Exchange further intensified concerns over a potential shift in global memory supply dynamics, amplifying selling pressure across the sector.

SK hynix completed a record-breaking 26.5 billion USD IPO earlier this month but has now broken below its offering price in less than a month. The launch of leveraged ETF products tied to SK hynix shares has also exacerbated market volatility. U.S. memory peers including Western Digital, SanDisk, Seagate, and Micron Technology all declined between 8% and 10%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)