Odaily Odaily News: Citrini analyst jukan posted on X platform that KIS Semicon analyst Minsook Chae expects SK Hynix's operating profit for the second quarter of 2026 to be 60.4 trillion Korean won, up 61% quarter-on-quarter and 556% year-on-year, which is 8% lower than the market consensus of 65 trillion Korean won.

The analyst stated that the lowered expectations are mainly due to SK Hynix's higher proportion of HBM sales compared to peers, lower-than-expected price increases for general DRAM, and the stabilization of ASP (Average Selling Price) driven by Long-Term Supply Agreements (LTAs). The forecast for the quarter-on-quarter growth rate of the comprehensive DRAM ASP in Q2 2026 has been lowered to 28.9%, down from the previous 50.0%; the growth rate for commodity DRAM ASP has been reduced to 34.2%, down from the previous 60.6%. With the mass production of HBM4 officially commencing in the third quarter of 2026, the comprehensive ASP growth rate is expected to return to an average market level of approximately 10% quarter-on-quarter.

However, the analyst believes this adjustment does not signal a downturn for the industry. The recent revision is a more realistic reflection of the 3 to 5-year LTA structure and is expected to lead to more stable long-term profit growth. The year-on-year operating profit growth rates for the fiscal years 2026 through 2028 are projected to be 419%, 53%, and 19%, respectively.

On Monday, South Korean stocks fell, triggering the circuit breaker mechanism on the benchmark Korea Composite Stock Price Index (KOSPI) by the Korea Exchange, resulting in a 20-minute trading halt for KOSPI-listed stocks. At around 1:28 PM local time (12:28 PM Beijing time), as the KOSPI index fell more than 8% from the previous trading day's close, the Korea Exchange activated the market-wide circuit breaker. This came after renewed clashes between the U.S. and Iran over the situation in the Strait of Hormuz.

According to Gate data, the KOSPI index fell by 8%, SK Hynix is currently down 13%, and Samsung Electronics dropped 9%.

Odaily Odaily reported that according to Gate data, the decline in South Korea's KOSPI index once widened to 7%, and SK Hynix stock price fell over 12%.

According to Hyperinsight monitoring, the rapid decline in SK Hynix's price triggered a chain liquidation of long positions. In the past 4 hours, total liquidations of SK Hynix US stocks and stock-linked contracts reached approximately $24.79 million, surpassing BTC and ETH to rank first globally. Among these, SKHX also recorded the largest single liquidation transaction worldwide during the same period.

This round of liquidations was primarily concentrated among 3 whale long positions. Over the past approximately 2 hours, three addresses triggered 10 forced liquidations in succession, with cumulative liquidation of approximately $13.95 million in long positions, resulting in realized losses of around $1.59 million. The liquidation price dropped from approximately $1,391 to $1,309, representing a decline of nearly 6% over the period.

Odaily Planet Daily News The Bank of Korea released a report on Monday stating that the global semiconductor market remains in a state of supply shortage, and expects the current “super cycle” driven by artificial intelligence (AI) to continue for some time. The bank used this report to dismiss investor concerns that the chip cycle has peaked.

In its report, the Bank of Korea noted: “Although semiconductor demand has surged significantly driven by AI infrastructure investment, the pace of supply expansion has been relatively slow.” The bank added that there are no signs yet of the semiconductor cycle easing. (Jin Shi)

Odaily Planet Daily News: On-chain analyst Ai Yi posted on Platform X stating that SK Hynix has dropped over 9.6%, and the "smart money" that previously profited over $5.293 million by trading US stocks both long and short is now starting to give back gains. Its 2x long position in MU has a holding of $9.41 million with an opening price of $1005.1, resulting in a floating loss of $620,000; its 2x long position in SKHX has a holding of $8.85 million with an opening price of $1494.5, resulting in a floating loss of $1.18 million. The two major stock positions have accumulated a total floating loss of $1.8 million.

Odaily reports: According to Gate data, the South Korea KOSPI index has fallen below 7,100 points, down 5.04% intraday. SK Hynix is currently down 9.6%, while Samsung Electronics has dropped 5.7%.

Odaily News SK Hynix shares fell as much as 8.2% in early trading on the Seoul stock market on Monday as investors took profits. The stock had surged 12.8% on its first day of trading on the Nasdaq last Friday. NH Investment & Securities senior analyst Ryu Young-ho said that investors are taking profits after SK Hynix completed its U.S. listing, while market sentiment has also been affected by cautious expectations for the company's second-quarter earnings.

He noted that investors had initially expected shipments of SK Hynix's HBM4 chips to increase starting in the second quarter, but this growth does not appear to have materialized on a large scale. Ryu also said that investors have lowered their earnings forecasts, as SK Hynix has higher exposure to the HBM market compared to rival Samsung Electronics, and is therefore expected to benefit less from the recent rally in DRAM chip prices. (Jin Shi)

Odaily reports, according to Gate data, South Korea's KOSPI index fell 4%, dropping below 7,200 points, with SK Hynix down 8.3% and Samsung Electronics down 4.2%.

Odaily news, Citrini analyst jukan posted on X platform, stating that local South Korean brokerages expect SK Hynix's operating profit to reach 60.4 trillion KRW, a 61% increase quarter-over-quarter and a 556% increase year-over-year, but still 8% below the market consensus of 65 trillion KRW. The shortfall is mainly due to SK Hynix's higher proportion of HBM revenue compared to its peers, resulting in its average selling price growth being lower than the market average.

According to Gate data, South Korea's KOSPI index has extended its decline to 2%, with SK Hynix falling nearly 7% and Samsung Electronics dropping over 1%.