The share price of SK hynix, which had been on a steady rally for days, is falling on the 4th.
According to the Korea Exchange (KRX), as of 9:38 a.m. on the day, SK hynix was down 21,000 won (3.39%) from the previous trading day at 599,000 won. Early in the session, the price fell to as low as 591,000 won.
This is seen as the result of profit-taking sales emerging on the day as SK hynix shares have recently been on an upward trend. The previous day, SK hynix rose 12.32%, entering the 600,000-won range for the first time. SK hynix is up 257% so far this year.
The Korea Exchange (KRX) also designated SK hynix as an investment caution issue on the day. The reasons for designation are as follows: ▲ the stock price has risen more than 200% over the past year ▲ over the past 15 days, the participation rate of the top 10 accounts by buy-side involvement, considering price impact, exceeded the standard set by the Market Surveillance Commission Chairperson for more than four days. If these two conditions remain in place and, by the 17th of this month, SK hynix closes at the highest price among closing prices over the past 15 days, it will be additionally designated as an investment warning issue.