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Home›Global Markets›Asia›SK Hynix shares fall more than 12% in Seoul after Nasd…

SK Hynix shares fall more than 12% in Seoul after Nasdaq debut

The move came after the chipmaker’s Nasdaq debut, where trading sparked a sharp shift in investor sentiment back in Seoul, CNBC reports.

Reported · Written up by our desk · Asia

SK Hynix shares dropped more than 12% in Seoul on Monday following the company’s Nasdaq debut, according to CNBC Markets.

CNBC also said the selloff followed what it described as a strong first showing on Nasdaq, underscoring how investor expectations can change quickly across markets.

The stock’s decline in South Korea came as the chipmaker began trading in the U.S., after the debut drew attention from global investors.

Latest closeNasdaq Comp. 26,281.61 ▲0.3%

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Sources

CNBC MarketsSK Hynix shares slide 12% in Seoul after stellar Nasdaq debut
CNBC WorldSK Hynix shares slide 12% in Seoul after stellar Nasdaq debut

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