Investors up in arms over KRX’s 'warning' on SK hynix

Investors holding SK hynix shares are expressing frustration over the Korea Exchange's (KRX) decision to place the artificial intelligence (AI) chip maker under an “investment warning”, a measure that triggered sharp losses, market watchers said Friday. Many say the bourse operator’s unreasonable regulatory priority is out of sync with the Lee Jae Myung administration’s drive to push the KOSPI to 5,000 points, accelerating a retail investor exodus from Korea to the U.S. equity market. The say the collective stance is justified, since the “warning” is to curb small-cap shares prone to short-term manipulation, not large-cap shares leading the country’s monthslong artificial intelligence (AI) rally with robust performance and earnings outlook. According to the KRX, SK hynix shares were placed under a warning on Thursday because its price closed more than 200 percent higher than a year ago, posting the highest closing price in the past 15 trading days. This led to investors being banned from increasing holdings through stock or margin loans. Further price spikes could prompt a

Investors up in arms over KRX’s 'warning' on SK hy...