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Entrance of SK Hynix’s Third Plant in Cheongju. (Photo = SK Hynix) |
[Alpha Biz= Kim Jisun] SK Hynix (000660), South Korea’s second-largest company by market capitalization, has been designated as a restricted stock for short selling.
According to the Korea Exchange’s corporate disclosure platform, KIND, short selling of SK Hynix shares will be prohibited on April 1.
The restriction follows the company being classified as an overheated stock due to its high short-selling volume, which reached KRW 110 billion on the first day of short-selling resumption. The stock closed at KRW 190,700, down 4.32% from the previous day.
On the same day, the KOSPI closed at 2,481.12, down 76.86 points, marking its lowest closing level since February 3 (2,453.95). The KOSDAQ also dropped 20.91 points (3.01%) to 672.85.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
