SK Hynix ADRs Plunge, Blackstone Mixed, TriCo Bancshares Rises on First Hawaiian Deal
On this episode of Stock Movers:- SK Hynix (SKHY) ADRs plunge. An AI-fueled stock rout in South Korea spilled over into the US market Monday. The decline came after shares of SK Hynix plunged a record 15% in South Korea, sending the benchmark Kospi index down 9% and triggering a market-wide trading suspension. Traders pointed to fears of lower-than-expected earnings, with a report from Korea Investment & Securities projecting SK Hynix's operating profit for the latest quarter may trail consensus by 8%.- Blackstone (BX) shares are little changed. Williams signed an agreement led by funds…
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