About three months ago, SK Group Chairman Chey Tae-won recommended 'holding' SK Hynix shares. However, the stock has since declined nearly 60% from its peak, leaving retail investors who bought at high levels deeply trapped—too afraid to cut losses and unable to add positions. On July 13, SK Hynix's stock price plummeted by 15.4%, erasing over US$470 billion in market value, primarily due to a Korea Investment & Securities report forecasting weaker-than-expected performance, triggering investor panic. Despite strong operational fundamentals, market re-evaluation of HBM pricing models and the amplifying effect of leveraged ETFs exacerbated stock price volatility.
