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SK Hynix ADR Falls Below $149 IPO Price, Down 7.47% Overnight

2026-07-28 04:43:53

According to South Korea's financial investment industry, SK Hynix ADR dropped 7.47% to $143.02 on July 28, falling below its IPO price of $149 and opening level of $170 set on July 10. The decline reflects broader semiconductor sector pressure, with the Philadelphia Semiconductor Index down over 20% since late June amid concerns over artificial intelligence investment sustainability and oversupply risks. Chinese chipmaker ChangXin Memory Technologies surged 465.82% above its IPO price on its debut, while foreign media reported China's state-owned enterprises have begun mass production of DUV lithography equipment, intensifying competition concerns. Additionally, rumors of Nvidia and SK Group's $500 billion AI infrastructure partnership sparked market speculation over artificial demand creation, further pressuring semiconductor stocks.

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