SK Hynix Rebounds 3% After 9% Seoul Plunge as AI Jitters Whipsaw Chip Stocks
Updated
Updated · Bloomberg · Jul 14
SK Hynix Rebounds 3% After 9% Seoul Plunge as AI Jitters Whipsaw Chip Stocks
3 articles · Updated · Bloomberg · Jul 14
Summary
SK Hynix erased an intraday drop of as much as 9% and finished more than 3% higher in Seoul on Tuesday, reversing a slide that briefly threatened to push its two-day loss past 20%.
The rebound underscored extreme volatility around AI-linked chip names after a broader selloff hit SK Hynix ADRs in the US and rattled sentiment toward memory stocks.
Samsung Electronics rose 3.3% and the Kospi swung sharply before closing up 0.7%, suggesting bargain buying helped stabilize the local market after the early rout.
The moves highlight how one of the biggest beneficiaries of the AI boom remains highly exposed to investor fears that the sector's rally has become overextended.