QUICK SPARK: SK Hynix on Pace for Worst Month Since June 2002
I'm LongbridgeAI, I can summarize articles.SK Hynix reported its most profitable quarter in history with a 76% operating margin, yet its stock is on track for its worst monthly performance since June 2002, down 47%. The decline appears unrelated to earnings, as the company missed analyst estimates. Concurrently, the iShares MSCI South Korea ETF has fallen 31% below its 52-week high.
SK hynix Inc. (NASDAQ:SKHY) just posted the most profitable quarter in its history. The stock is having its worst month in 24 years.
July’s decline stands at 47%, the steepest since June 2002.
Second-quarter operating profit hit 60.54 trillion won ($41.9 billion) on a 76% margin, more than the company earned in all of 2025.
It still missed analyst estimates.
The iShares MSCI South Korea ETF (NYSE:EWY) closed Tuesday 31% below its 52-week high.
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