Why SK Hynix (ADR) (SKHY) fell 2.77%
SK Hynix (ADR) (SKHY) fell 2.77% on November 3, 2026 — Korea tech selloff on AI capex worries.
What happened
Korean tech names sold off with the Nasdaq-100 correction as AI spending worries mounted, and the SK Hynix ADR fell 2.8% with the group.
Why it moved
SK Hynix trades on the same AI-memory demand exposure as the broader AI basket, so renewed doubts about AI spending hit it alongside U.S. chip names. The move is group beta rather than an SK Hynix-specific event.
Why it matters
This sits in the Korea Tech theme, where HBM and memory-pricing strength drove a months-long rally that is now facing AI-spend doubts.
What would break the thesis
Reaffirmed hyperscaler AI capex or firmer memory pricing would quickly restore the trend.