SK hynix Nasdaq ADR shares fell 9.32% on July 14, closing at $152.35; the drop wiped out the 13.1% gain from its first trading day last Friday, and the ADR trading price is now only slightly above the $149 IPO offering price. On the same day, SK hynix’s stock in South Korea’s KOSPI also plunged 15.37%, closing at 1.845 million won.
SK hynix ADR closes down 9.32%, Korean stocks fall 15.37% on the day
According to reports, SK hynix’s Nasdaq ADR shares closed at $152.35 on July 14, down 9.32% from the previous trading day. The 13.1% jump on its listing day (July 11) has been fully erased, and the ADR trading price is currently only slightly above the $149 IPO offer price.
On the same day, SK hynix’s shares on the South Korean KOSPI market fell 15.37%, closing at 1.845 million won (about $1,230). The sharp drop in Korean stocks was seen as one of the direct factors weighing on the decline in its Nasdaq ADR. SK hynix completed its Nasdaq listing on July 10, raising $2.65 billion in the form of ADRs, setting a historical record for overseas companies’ U.S. IPOs.
Memory chip stocks broadly fall: Micron down 4.4%, Western Digital down 4.6%
According to reports, this wave of selling was not an isolated phenomenon affecting only SK hynix, but instead spread across the entire memory chip sector: Micron Technology fell 4.4% on the New York Stock Exchange, and Western Digital fell 4.6%.
The decline is widely believed to reflect growing market concerns about valuations for the memory semiconductor industry, as well as adjustments in investors’ expectations after earlier optimism driven by the AI boom. Related coverage indicates that after SK hynix’s Nasdaq listing, South Korea’s KOSPI market was also affected by capital outflow pressures.
Hebe Chen: SK hynix is in a “dopamine hangover,” excitement fades
According to reports, Vantage Global Prime market analyst Hebe Chen said in an interview with Bloomberg on Monday that, “SK hynix is currently in a hangover after a surge in dopamine; the excitement driving the stock price higher is fading, replaced by tougher expectations adjustments.”
This assessment reflects the market’s reexamination of the valuation rationale for SK hynix after its sharp rise since the first half of this year, as well as questions about whether the AI-driven memory demand boom can translate into sustained profitability.
FAQ
What was the closing price of SK hynix ADR on the second day of its listing, and how much did it fall?
According to reports, SK hynix’s ADR closed at $152.35 on July 14, 2026 (Monday, the second day after listing), down 9.32% from the previous trading day. The drop erased the 13.1% gain from the first day of listing (July 11), and the ADR trading price is currently only slightly above the $149 IPO offer price.
Why did SK hynix ADR fall sharply on its second day of listing?
According to reports, the selloff was broadly seen as reflecting growing market concerns about the valuation of the memory semiconductor industry, along with expectation adjustments after optimism fueled by the AI boom faded; on the same day, SK hynix shares in South Korea’s KOSPI also tumbled 15.37%, further dragging down the ADR.
How did other memory chip stocks perform?
According to reports, the memory chip sector as a whole was under pressure: Micron fell 4.4% on the New York Stock Exchange, while Western Digital fell 4.6%, with selling sentiment spreading across the entire memory semiconductor sector.
