Svmuu News: Shares of South Korea’s SK Hynix fell as much as 8.2% during early trading on the Seoul Stock Exchange on Monday as investors took profits. SK Hynix Nasdaq had surged 12.8% on its first day of trading last Friday.Ryu Young-ho, a senior analyst at NH Investment & Securities, said that investors were taking profits following SK Hynix’s U.S. listing, while market sentiment was also affected by cautious expectations regarding the company’s second-quarter earnings.
He pointed out that investors had originally expected shipments of SK Hynix’s HBM4 chips to grow starting in the second quarter, but this growth does not appear to have materialized on a large scale.Ryu also noted that investors have lowered their earnings forecasts because SK Hynix has greater exposure to the HBM market compared to its competitor Samsung Electronics, and is therefore expected to benefit less from the recent rise in DRAM chip prices. (Jin Shi)