Why Is SK Hynix (SKHY) Stock Price Down 5.03% Today, Sep 28? Solidigm $15B U.S. IPO Report and Chip Selloff Weigh on SKHY

SK Hynix sold off on reports its Solidigm subsidiary may pursue a major U.S. IPO, raising near-term uncertainty over retained ownership, valuation attribution at the parent level, and potential dilution optics. The move was amplified by a broader Korean semiconductor drawdown as higher U.S. Treasury yields pressured growth/tech risk appetite. Until IPO structure clarity emerges, positioning in memory and storage names may remain more volatility-prone.