Chip giant SK Hynix Co., Ltd. experienced its second brief stock price dive in a week, and trading fluctuations on the Korea Alternative Stock Exchange have once again raised questions. According to data from Nextrade, a new exchange that was launched last year and can accept transactions before and after regular trading hours, at 8 a.m. local time, SK Hynix traded 11 shares at a transaction price of 1.168,000 won per share, a drop of 30% in a single day. At the end of the 50-minute pre-market session, the stock's decline narrowed to around 2%. In early trading on Thursday, on the Korea Main Board Exchange, the biggest intraday decline of this chip manufacturer reached 10%. Dragged down by falling US stocks, the entire chip sector generally weakened. The sharp fluctuation in the stock price on Nextrade this time is very similar to the market last Tuesday: at that time, the stock also plummeted 30% before the market, and then the decline narrowed. At the time of the incident, derivatives contract holders linked to SK Hynix within a cryptocurrency exchange closed a long position of nearly $60 million within two minutes. Since launching in Korea last year, Nextrade has rapidly expanded its market share with longer transaction times and lower fees. However, abnormal events such as the collapse of SK Hynix caused this alternative exchange to receive more scrutiny, and the market feared that such transactions would disrupt the reasonable price formation mechanism.

Chip giant SK Hynix Co., Ltd. experienced its second brief stock price dive in a week, and trading fluctuations on the Korea Alternative Stock Exchange have once again raised questions. According to data from Nextrade, a new exchange that was launched last year and can accept transactions before and after regular trading hours, at 8 a.m. local time, SK Hynix traded 11 shares at a transaction price of 1.168,000 won per share, a drop of 30% in a single day. At the end of the 50-minute pre-market session, the stock's decline narrowed to around 2%. In early trading on Thursday, on the Korea Main Board Exchange, the biggest intraday decline of this chip manufacturer reached 10%. Dragged down by the decline in US stocks, the entire chip sector generally weakened. The sharp fluctuation in the stock price on Nextrade this time is very similar to the market last Tuesday: at that time, the stock also plummeted 30% before the market, and then the decline narrowed. At the time of the incident, derivatives contract holders linked to SK Hynix within a cryptocurrency exchange closed a long position of nearly $60 million within two minutes. Since launching in Korea last year, Nextrade has rapidly expanded its market share with longer transaction times and lower fees. However, abnormal events such as the collapse of SK Hynix caused this alternative exchange to receive more scrutiny, and the market feared that such transactions would disrupt the reasonable price formation mechanism.