WS #11952

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SK Hynix shares crashed 15% in Seoul after its record $26.5B Nasdaq IPO, dragging down South Korean tech stocks and causing a 9% drop in the KOSPI index. TSMC reported June revenue up 68% YoY and Q2 revenue up 36% YoY, driven by AI chip demand, with shares rising 1%.

SK Hynix Post-IPO Collapse and Tech Selloff

SK Hynix shares crashed 15% in Seoul after its record $26.5B Nasdaq IPO, dragging down South Korean tech stocks and causing a 9% drop in the KOSPI index.

TSMC reported June revenue up 68% YoY and Q2 revenue up 36% YoY, driven by AI chip demand, with shares rising 1%.

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