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In early trading on Monday, SK Hynix's stock price fell 4.4% for a while. Previously, the world's leading artificial intelligence memory chip maker surged 12.8% in first-day trading after its high-profile US listing on Friday. The Korean memory chip maker raised more than $26 billion by issuing American Depositary Receipts at a price of $149 per share. The stock opened at $170, 14% higher than the issue price, and eventually rose 12.8% at the close of the first trading day. Korea's benchmark stock index, the KOSPI index, fell 0.4%.
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In early trading on Monday, SK Hynix's stock price fell 4.4% for a while. Previously, the world's leading artificial intelligence memory chip maker surged 12.8% in first-day trading after its high-profile US listing on Friday. The Korean memory chip maker raised more than $26 billion by issuing American Depositary Receipts at a price of $149 per share. The stock opened at $170, 14% higher than the issue price, and eventually rose 12.8% at the close of the first trading day. Korea's benchmark stock index, the KOSPI index, fell 0.4%.
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