Short Selling of SK Hynix Surges to Record on Trade, AI Concerns
Bearish bets on shares of SK Hynix Inc. surged to an all-time high this month, as South Korea ended its ban on short-selling at perhaps the worst possible time for the memory chipmaker.
The March 31 regulatory change made for a triple whammy on the stock, with investors souring on the AI theme while the US kicked off a global trade war. Even with SK Hynix expected to post strong earnings Thursday, short-sellers are betting on a bleak outlook.
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