Movement Alert｜SK hynix Falls 5.65% in Pre-Market Trading, Asian Chip Selloff Deepens After Big Tech Earnings Shock

Market Focus16:05

On October 30, SK hynix fell 5.65% in Pre-Market Trading, trading at $151.6682 per share, with turnover of $35.7273 million.

The move followed a broader semiconductor selloff after U.S. technology earnings intensified concerns over AI spending and weak near-term returns, pressuring chip names across Asia and the U.S.

Recent market developments show South Korea’s KOSPI at one point dropped more than 5%, triggering a program trading curb, while SK hynix fell about 7% at the cash close and Samsung Electronics lost about 3%. The pressure came despite SK hynix having just reported record third-quarter revenue of 104.6 trillion won and operating profit of 83.3 trillion won, alongside a major shareholder return plan. Several brokers reiterated bullish views, but those positives were overwhelmed by sector-wide de-risking tied to AI capex concerns and weakness in peers such as Micron, NVIDIA, Intel, AMD, and Marvell.

(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.)

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