---
symbol: "SKHY"
name: "SK Hynix (ADR)"
date: 2026-08-10
change_pct: -3.362186136347371
direction: "down"
event_type: "theme_sympathy"
url: "https://perplo.app/why/SKHY/2026-08-10"
updated_at: 2026-08-10T23:06:38.889Z
---

# Why SK Hynix (ADR) (SKHY) fell 3.36% on August 10, 2026

SK Hynix (ADR) (SKHY) fell 3.36% on August 10, 2026 — Won nears 1,400 — Korea tech selloff on FX stress.

## What happened

The Korean won hit 1,400 per dollar, the worst swing in 15 years, pulling SK Hynix's dollar-listed ADR down as Korea risk-off accelerates.

## Why it moved

SK Hynix ADR weakness mirrors the won's decline and Korea's equity selloff; the ADR discount to the underlying reflects diminished foreign demand and macro stress re-rating of Korea-linked assets.

## Why it matters

Korea Tech, buoyed by AI memory demand and won strength, is reversing sharply—the won's historic volatility and geopolitical headwinds are now the dominant repricing lens for SK Hynix and the Korea complex.

## What would break the thesis

If the won stabilizes through intervention or sentiment shifts, the ADR's discount tightens and HBM upside re-emerges; loss of policy support would confirm deeper unwind.

## Sources

- [Won nears 1,400 after sharpest swings since financial crisis](https://www.koreaherald.com/article/10836205) — Korea Herald

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