SK hynix shares drop despite bullish earnings turnaround

[Photo by Yonhap]

SK hynix Inc. saw its stock lose ground on Thursday despite its strong second-quarter earnings.

As of 10:58 a.m., SK hynix shares were trading at 191,500 won ($138), down 8.15 percent from the previous session.

The sharp decline marks the first time SK hynix’s stock price has fallen below 200,000 won since June 7, when it closed at 197,300 won.

Before the market opened, SK hynix reported a consolidated operating profit of 5.46 trillion won for the second quarter of this year. This represents a remarkable recovery from the same period last year when the company posted an operating loss of 2.88 trillion won.