On June 5, SK Telecom declined 5.6% in regular trading, trading at $38.24/share, with trading volume of $40.40 million.

On the news front, the stock had previously surged over 19% on June 2 after Anthropic secretly filed its IPO prospectus, as SK Telecom—being an investor in Anthropic—attracted strong capital inflows on AI concept enthusiasm. However, since June 4, the stock has posted consecutive sharp declines over two trading sessions, with cumulative losses largely erasing the prior AI-driven rally. Concurrently, the Korea Composite Stock Price Index plunged 5.10% on the same day, with broad-based weakness in the Korean market further intensifying selling pressure on the stock.

Within the Wireless Telecommunication Services sector, peers showed mixed performance: T-Mobile US up 1.25%, Vodafone up 0.04%, Rogers down 0.29%, America Movil down 0.47%, and Millicom International Cellular down 3.47%.

(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.)