SK Hynix ADR Falls 7.47% to $143.02, Breaking Below IPO Price for First Time Today

According to Yonhap Infomax, SK Hynix ADR closed 7.47% lower at $143.02 on July 27, falling below its IPO price of $149 for the first time since its listing on July 17. The stock traded as low as $139.01 during the session, marking a decline of 10.07% intraday. The weakness in Nvidia shares, a major supplier to SK Hynix, pressured the South Korean chipmaker's stock price downward.
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