Is this the biggest drop in the company's history?

Yes, this is the largest single-day decline ever recorded for SK Hynix shares.

How did the Nasdaq listing affect SK Hynix's stock?

The listing triggered a rapid rally, leading investors to take profits and causing the sharp decline.

Have other companies been affected similarly?

Yes, companies like Micron and Marvell have experienced sharp volatility after similar listing events.

SK Hynix Shares Plunge 15% After Nasdaq Debut Rally

SK Hynix (KR:000660, SKHY) shares plummeted more than 15% in a single session, the largest daily decline on record, as investors booked profits following a rally triggered by the listing of its American Depositary Receipts (ADRs) on Nasdaq.

July 13, 2026

2 min read

Source: The Wall Street Journal

Key Numbers

decline percentage

15%

Shares of South Korean chipmaker SK Hynix (KR:000660, SKHY) plunged more than 15% on Monday, marking their biggest one-day drop on record, according to media reports. The sharp decline came after the company's American Depositary Receipts (ADRs) debuted on the Nasdaq on Friday, sparking a rally that prompted investors to take profits.

Reasons for the Move

Analysts attribute the steep drop to profit-taking following the strong rally that accompanied the Nasdaq listing. The ADRs posted notable gains on their first trading day, encouraging investors to sell and lock in profits.

Broader Context

The move comes amid heightened volatility in the semiconductor sector. Shares of other chipmakers such as NVIDIA (NVDA), Intel (INTC), and AMD (AMD) have also seen mixed movements recently.

Similar Sector Moves

This is not an isolated incident; in recent months, stocks of companies like Micron Technology (MU) and Marvell Technology (MRVL) have experienced sharp swings following similar listing or equity issuance events.

Frequently Asked Questions

The drop was due to profit-taking after the company's ADR listing on Nasdaq triggered a sharp rally.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.