Why SK Hynix Fell 14.7%: New Amplifying Funds Made It Worse

SK Hynix shares dropped 14.7% on July 28, 2026, as memory chips sold off worldwide on competition from China's CXMT and worries about AI funding. Goldman Sachs says the plunge was worsened by special funds that double the day's gains or losses. These funds held $15–20 billion tied to the stock — a problem that didn't exist in past selloffs.