Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
Stock CFD Derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
3.8%
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
tag
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
IPO
2026 World Cup
Rewards

SK Hynix ADR Plunges 7.94% on July 16, Second Consecutive Day of Sharp Decline

GateNews
Stocks
SKHY-9.13%
NVDA-2.48%
MU-5.66%
AVGO-3.91%
TSM-2.91%

According to Yonhapinfomax, SK Hynix ADR plunged 7.94% to $162.45 on July 16, marking its second consecutive day of sharp decline after dropping 9.00% on July 15. The stock has fallen below its initial listing price of $170 on July 10.

The Philadelphia Semiconductor Index declined over 3%, with major chip stocks including Nvidia (down 2.52%), Micron Technology (down 6.26%), Broadcom (down 3.34%), TSMC (down 2.23%), and AMD (down 4.50%) all losing ground. Concerns over artificial intelligence investment overheating and elevated oil prices amid U.S.-Iran tensions have pressured semiconductor equities.

View Source
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Related News

16h ago
SK Hynix ADR Falls 9% Overnight After 27% Rally, Volatile Trading Continues
07-15 14:13
SK Hynix ADR Narrows Losses to 3.3%, Trading at $187.445 After Early 9% Slide
07-14 20:02
SK Hynix ADR Trades at 46% Premium to Domestic Shares, Nearing 50% Just 4 Days Post-Listing
In-Depth Analysis

Samsung Electronics and SK Hynix Fall Over 5% in Pre-Market on US Chip Weakness

Lucas Bennett17h ago

SK Hynix ADR Surges 27% as IBM Confirms Memory Shortage Priority

Lucas Bennett07-15 09:10

SK Hynix Stocks Surge 8% in Pre-Market After US CPI Data Beats Expectations

Lucas Bennett07-15 00:09
Comment
0/400
No comments