SK Hairix Plunges 15.4% on July 13, Worst Day in 17 Years Since Global Financial Crisis

According to Samsung Securities researcher Lee Jong-wook, SK Hairix shares fell 15.4% on July 13, marking the worst trading day since October 2008. Samsung Electronics dropped 10.7%, Samsung Electro-Mechanics fell 18.6%, and LG Innotek declined 11.3% on the same day. The analyst attributed the sharp decline to ADR decoupling, panic selling, risk-off sentiment linked to Middle East tensions, and concerns over Q2 earnings. However, Samsung Securities emphasized that the volatility reflects market structure dynamics rather than deterioration in memory chip fundamentals, noting no signs of AI infrastructure investment slowdown.
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