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SK Hynix stock plunged over 15% in Seoul the day after its blockbuster Nasdaq debut

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SK Hynix stock plunged over 15% in Seoul the day after its blockbuster Nasdaq debut

The Seoul selloff wiped SK Hynix's market cap below $875 billion and sent South Korea's Kospi index down 9%

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SK Hynix stock fell 15.4% in Seoul on Monday, its largest single-day decline on record, as investors sold out of positions following the chipmaker's blockbuster Nasdaq $NDAQ debut last week, according to Reuters and CNBC.

A 20-minute market-wide trading halt was triggered after the broader Kospi index shed 9% on the same session, according to Bloomberg. Samsung Electronics shed close to 11%, while exchange data showed overseas investors exiting roughly 1.7 trillion won ($1.1 billion) in Kospi-listed shares, the bulk of which came........

© Quartz