SK Hynix fell as much as 8.2% on the Korean exchange, while the company's American Depositary Receipts (ADR) closed up 13% on their first day of trading on Friday. Korea Investment & Securities predicts that SK Hynix's second-quarter operating profit may be 8% lower than market expectations, because the company's revenue from HBM accounts for a higher proportion than its peers, limiting the upside potential for average selling prices. It stated that as the momentum in the New York market has already been digested by the market, the stock may face significant intraday profit-taking and arbitrage unwinding, closing with a long upper shadow.