Why SK Hynix (ADR) (SKHY) fell 7.78%
SK Hynix (ADR) (SKHY) fell 7.78% on November 6, 2026 — Korea AI selloff drags Hynix ADR lower.
What happened
The SK Hynix ADR fell 7.8% with the Korea Tech selloff. The group-wide driver was the Democratic midterm sweep, which sparked a selloff in AI-linked stocks.
Why it moved
The ADR tracks the Seoul share price, so it reprices the same AI-sentiment shock during US trading hours. Its exposure to HBM and DRAM demand makes it move with the group.
Why it matters
The ADR belongs to the Korea Tech theme, where HBM and DRAM demand lifted SK Hynix. The selloff reflects doubts that this upcycle can keep up its pace.
What would break the thesis
A rebound in AI names would pull the ADR back in line with the Seoul shares. Continued weakness would need confirmation from memory pricing or demand data.