Southern Double Long: Hynix retreats 76%, Cui Taiyuan: Stock price correction is a normal fluctuation

On July 17th, Hong Kong stock market Southern Double Long Hynix closed down 20.68% at HKD 44.8, a 76% retracement from its historical high of HKD 193.65 on June 25th. SK Hynix's main stock also saw a 38% retracement from its previous high. SK Group President Choi Tae won stated that the demand for storage chips is growing exponentially, and the stock price correction is a normal market fluctuation. The demand for storage chips will continue to exist, and the stock price trend will show an upward trend.