402340.KS is trading at KRW 1,270,000 (-6.34%) amid a broader semiconductor selloff and negative sector sentiment following a sharp two-day slide.
- The downturn is linked to a Morgan Stanley warning to reduce exposure to the chip sector and profit-taking following Samsung Electronics’ earnings.
- Additional pressure stems from negative sentiment surrounding SK Hynix ADR-related valuations.
- No company-specific catalysts were identified for SK Square, indicating the move is primarily driven by industry-wide weakness.