On August 3, SK hynix fell 3.1% in pre-market trading, trading at approximately 138.9 USD/share, with turnover of 70.22 million USD.

On the news front, UBS cut its target price for SK hynix from 3.2 million KRW to 3.0 million KRW, noting that the company's long-term supply agreement (LTA) revisions are progressing faster than expected. SK hynix has now signed 10 LTAs, with clients including major U.S. hyperscale cloud providers and large OEM manufacturers. UBS believes LTAs may constrain near-term average selling price upside, though they should benefit long-term margins and returns.

Meanwhile, the Korean KOSPI index fell sharply, with SK hynix dropping over 7% on the Korean exchange and the broader semiconductor sector under pressure. In the U.S., Micron Technology declined 3.53%, NVIDIA fell 0.48%, AMD lost 1.13%, Intel dropped 1.35%, and Broadcom slipped 0.44%. Separately, Moody's upgraded SK hynix's credit rating to A3 with a stable outlook, reflecting improved fundamental strength despite near-term price action weakness.

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