Movement Alert|SK hynix Declines 3.01% Overnight, Pullback After Record-High Surge as Kioxia CEO Warns NAND Prices Have Risen Enough

Market Focus
5 hours ago

On September 10, SK hynix declined 3.01% overnight, trading at $192.47/share, with turnover of $40.94 million. The pullback follows the stock's 7% surge to an all-time high in the prior US session, fueled by Goldman Sachs' bullish call on memory stocks and S&P Global's forecast of a potential 40 trillion won buyback in Q4.

However, Kioxia's CEO simultaneously cautioned that NAND \"prices have risen enough,\" tempering optimism around memory chip pricing momentum. Options data from the prior session also revealed a $17.12 million bearish put combination targeting medium-term downside, indicating institutional hedging against the rally. In the Korean market, storage stocks opened weaker on September 10, with SK hynix briefly dipping nearly 1% and Samsung Electronics falling over 1%, reflecting broad profit-taking after the sharp run-up.

The broader US equity backdrop also weighed, with all three major indices posting a third consecutive session of losses.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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