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But we saved everything 🙂.
Shares of SK Hynix fell 10% in Korea, wiping out $85 billion in market capitalization, or about 118 trillion won. The drop erased roughly a tenth of the company's total value. According to Jesse Cohen, a senior markets analyst at Investing.com, the selloff was driven by increasing concerns over Chinese competition in the DRAM market.
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Cohen has previously highlighted volatility in Korean markets, noting when the Kospi Index fell nearly 4 percent overnight. In another report, he tracked the surge in AMD shares as they hit a record $1 trillion market valuation. These moves reflect a series of significant shifts tracked by the analyst in recent months.