[Special Stock] SK Hynix Weakens on Lowered Q3 Earnings Outlook
SK Hynix's stock price is weak. It appears to be influenced by the downward revision of the third-quarter earnings forecast by the securities industry.
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At 9:24 a.m. on the 19th, SK Hynix was trading at 151,100 KRW, down 7.19% from the previous day.
Go Young-min, a researcher at Daol Investment & Securities, said, "Due to the downward revision of the exchange rate assumptions and weak demand for PCs and mobile devices, we forecast SK Hynix's third-quarter operating profit at 6.4 trillion KRW, lower than the market expectation of 7 trillion KRW."
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However, researcher Go added, "Since clues that can confirm the direction of the semiconductor sector are expected to be identified in October to November, the process of reflecting earnings concerns could rather become a support zone for the stock price."
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