The Zhitong Finance App learned that on Monday, the storage sector generally declined. SK Hynix (SKHY.US) fell more than 7% the day after listing and surged 12% on the first day; SanDisk (SNDK.US), Micron Technology (MU.US), Western Digital (WDC.US), and Seagate (STX.US) fell more than 6%. According to the news, the stock price of South Korean memory chip giant SK Hynix plummeted by more than 15% today, dragging down the South Korean stock market to another collapse, and leading to the collapse of Asian storage stocks. A report issued by Korea Investment Securities (KIS), a local Korean brokerage firm, was seen as the trigger for SK Hynix's stock price to plummet. In its latest report, KIS predicts that SK Hynix's operating profit for the second quarter of this year will be slightly lower than market expectations.

The Zhitong Finance App learned that on Monday, the storage sector generally declined. SK Hynix (SKHY.US) fell more than 7% the day after listing and surged 12% on the first day; SanDisk (SNDK.US), Micron Technology (MU.US), Western Digital (WDC.US), and Seagate (STX.US) fell more than 6%. According to the news, the stock price of South Korean memory chip giant SK Hynix plummeted by more than 15% today, dragging down the South Korean stock market to another collapse, and leading to the collapse of Asian storage stocks. A report issued by Korea Investment Securities (KIS), a local Korean brokerage firm, was seen as the trigger for SK Hynix's stock price to plummet. In its latest report, KIS predicts that SK Hynix's operating profit for the second quarter of this year will be slightly lower than market expectations.