SK hynix falls 4.1% after holiday as Solidigm U.S. IPO reports add to rate and oil selloff

SK hynix's Seoul shares fell 4.14% to 1,785,000 won on September 28, the first session after the Chuseok holiday, while the KOSPI dropped 2.22%. Seoul Economic Daily said successive reports of a U.S. IPO for Solidigm added downward pressure. The wider backdrop was a jump in long-term U.S. Treasury yields, with the 30-year reaching 5.519%, and oil near $100 a barrel on U.S.-Iran tensions. Foreign investors net sold 2.30 trillion won.

• SK hynix Seoul: down 4.14% to 1,785,000 won (afternoon)
• KOSPI: down 2.22% to 6,923.57
• 30-year U.S. Treasury yield: 5.519%
• Foreign net selling: 2.30T won