🟢 SKHX is trading 6% up after SK Hynix halted Solidigm IPO review

SKHX is trading at $8.69, up 5.79%, after SK Hynix halted its review of a potential Solidigm pre-IPO and IPO, citing market conditions.

• SK Hynix said it would continue exploring alternative financing.
• Reuters reported the decision also followed regulatory concerns about the proposed listing. SK Hynix shares recovered from early losses and closed 4.4% higher.
• As a leveraged ETF, SKHX’s move may differ from the underlying shares.