SK Hynix ADR Falls 7.11% to $159.72 in Premarket as Oil Prices Surge

SKHY-2.04%
TSM-2.39%
AVGO-1.60%
AMD-3.08%
INTC-3.76%
According to Yonhapinfomax, SK Hynix's U.S. ADR shares declined 7.11% to $159.72 on July 22 in New York premarket trading, as rising crude prices reignited inflation concerns. Micron Technology, TSMC, Broadcom, AMD, and Intel also fell 4.41%, 2.50%, 2.06%, 3.10%, and 4.24% respectively. WTI crude for September delivery traded above $86 per barrel, up more than 2% for the day, as U.S.-Iran military tensions continued to pressure energy markets.
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