SK Hynix ADR Falls Below $149 IPO Price for First Time on July 17

SKHY1.22%
AMD-2.98%
INTC-3.90%

According to BlockBeats citing BIT market data, SK Hynix ADR (SKHY.O) fell below its IPO price of $149 for the first time on July 17.

The decline followed broader weakness in U.S. semiconductor stocks, with the Philadelphia Semiconductor Index down more than 5%. AMD fell over 7%, Intel dropped more than 6%, and Taiwan Semiconductor Manufacturing Company fell over 5%.

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