SK Hynix Plummets in Seoul Despite Strong Nasdaq ADR Debut
SK Hynix shares tumbled nearly 11% in Seoul, dragging the KOSPI lower and prompting a temporary trading suspension, even as the company's American Depository Receipts posted a near 13% gain in a blockbuster Nasdaq debut the prior week. A Korea Investment & Securities forecast for a lower-than-consensus second-quarter operating profit and concer…