CXMT Pops 466% in Shanghai IPO; U.S. Memory Stocks Slide
China’s CXMT surged 466% in its $8.6B Shanghai debut, becoming the country’s most valuable A-share and sending Micron, SanDisk, and SK Hynix sharply lower.
sk hynix
SK Hynix Plans Record $29B Nasdaq ADR Listing in July
SK Hynix will raise up to $29.43B via a Nasdaq ADR listing on July 10, eclipsing Alibaba’s 2014 NYC debut as the largest foreign-issuer ADR ever.
KOSPI Plunges 6% on Samsung, SK Hynix Memory Selloff
KOSPI fell 6.12% as Samsung Electronics dropped 8.6% and SK Hynix lost 7.7%, off record highs. What the Korean memory selloff signals for AI chip stocks.