SK Hynix Stock Falls 3% to 1.216 Million Won as Kospi Gives…
By Abdelaziz Fathi
AI summary of the source article
SK Hynix shares fell 3.03% to 1,216,000 won as South Korea's Kospi reversed early gains to close down 0.98%. The semiconductor decline followed Nvidia CEO Jensen Huang's departure and market concerns over potential U.S. chip export restrictions on China.
Why it matters
As a major supplier of high-bandwidth memory for advanced AI processors, "Nvidia's product development plans, customer demand and procurement decisions therefore have implications for SK Hynix's future revenue and capacity requirements."
Key facts
- SK Hynix dropped 3.03% to close at 1,216,000 won, while Samsung Electronics fell 0.96% to 206,000 won.
- The Kospi reversed from an intraday high of 5,504.44 to close 0.98% lower at 5,290.53 as foreign investors turned into net sellers.
- Nvidia CEO Jensen Huang resigned on November 12, with Chief Financial Officer Colette Kress assuming the role on an interim basis.
Source excerpt · FinanceFeeds
SK Hynix stock fell 3.03% to close at 1,216,000 won on Friday, November 13, as South Korea's Kospi reversed a sharp morning rally and finished below 5,300. The benchmark index closed at 5,290.53, down 52.20 points, or 0.98%, after reaching an intraday high of 5,504.44. The reversal was particularly pronounced in semiconductor shares. SK Hynix, which had gained more than 4% during early trading, fi…