SK Hynix Misses Estimates Despite 557% Profit Jump, Shares Fall Record 17%
SK Hynix reported record quarterly operating profit that rose 557% from a year earlier but missed analysts’ estimates, and its shares fell more than 17% for their biggest one-day drop on record. South Korea’s KOSPI fell more than 10% intraday, prompting temporary trading curbs.
SK Hynix said it still expects AI infrastructure investment to remain solid beyond next year and memory demand to expand across HBM, server DRAM and high-capacity NAND. It said weaker second-quarter DRAM average selling price growth reflected product mix and deferred shipments rather than underlying pricing, and expects stronger blended DRAM pricing in the second half as HBM4 and 1c DRAM shipments rise. The company has earmarked at least $31 billion in capital spending this year. Finance Minister Koo Yoon-cheol later apologized for the rushed launch of single-stock leveraged ETFs after two consecutive circuit-breaker halts and said officials were reviewing market-stabilization steps and possible rule changes.
From the sources (25 posts)
@cryptorover🚨 KOREAN MARKETS ARE CRASHING AGAIN ₩165 TRILLION has been wiped out from Korean stocks in the last 90 minutes.
@tradfi*KOREA'S KOSPI FALLS 5.9% AS SK HYNIX, SAMSUNG TUMBLE
@macroedgeresKOSPI sidecar activated -7% #MacroEdge
@bulltheoryioBREAKING: South Korean stock market halted program selling for 5 minutes as KOSPI crashed -6%. This is the 42nd trading curb triggered this year.
@barchartBREAKING 🚨: South Korea South Korean Stocks plunging at the open 📉 📉 Timberrrrrrrrrrrrrrrrrrrrrrrrr
@negligible_capKospi down 7.5% today, back toward April levels, led lower by (shocker) chip stocks. Samsung and SK Hynix down around 10% each
@wallstengineKOSPI 🇰🇷 -7.6%
@kobeissiletterBREAKING: South Korea’s stock market falls nearly -8% as the global chip stock selloff accelerates.
@polymarketBREAKING: South Korean stock market plunges -7.5%.
@firstsquawkKOSPI Tumbles 8% as Seoul Stocks Face Broad Selloff
@cnbcShares of SK Hynix plunge 10% in Seoul as semiconductor selloff deepens
@stockmktnewzKOSPI is down by more than 7% so far today 🔴
@firstsquawkKOSPI Trading Halted for 20 Minutes After Index Drops 8%, Korea Exchange Activates Circuit Breaker
@zerohedge*S. KOREA'S KOSPI TRADING HALTED FOR 20 MINUTES AFTER 8% DECLINE each one of these is about another 100,000 retail margin calls
@bulltheoryioBREAKING: South Korean stock market halted all stock trading and program trading for 20 minutes after KOSPI crashed -8%. Over ₩396,000,000,000,000 ($264 BILLION) wiped out. Samsung and SK Hynix, which together make up 55% of the index, cr
@stocksavvyshaySouth Korea's KOSPI stock market halted after being down over 8% triggering circuit breaker.
@polymarketBREAKING: South Korea triggers a circuit breaker, halting trading on the KOSPI.
@macroedgeresSouth Korean trading halted for 20 minutes as index goes limit down, memory stocks and most loved retail AI hype stories pummeled #MacroEdge
@kalshi_financeBREAKING: South Korea’s KOSPI plunges 8%, triggering a trading halt
@cnbcSouth Korean semiconductor shares tumbled on Tuesday, extending a rout in chipmakers after another weak session on Wall Street. SK Hynix plunged more than 10%, while Samsung Electronics fell over 8%. Other AI-linked names also came under h
@geiger_capital*SOUTH KOREA'S KOSPI TRADING HALTED AFTER 8% DECLINE
@cointelegraph🇰🇷 JUST IN: South Korea's KOSPI plunges over 8% on a tech sell-off, triggering a 20-minute circuit breaker, the seventh this year.
@barchartSouth Korean Stocks collapsing, now down almost 8% 📉📉
@firstsquawkSouth Korea’s SK Hynix Extends Drop to 12% as Shares Come Under Pressure
@wublockchainKOSPI Trading Halted After 8% Plunge as SK Hynix ADR Falls Below $140 South Korea halted trading in KOSPI-listed shares for 20 minutes on July 28 after the benchmark index fell more than 8%, marking its eighth circuit-breaker activation of