U.S. stocks movement: Storage sector hit hard, SanDisk leads the decline with a drop of over 10%, while SK Hynix ADR is currently down 7.8%

```htmlGolden Ten Data, July 13th — Due to the domino effect caused by the sharp decline of a major Korean memory company, US memory concept stocks have collectively plummeted. Among them, SK Hynix ADR, which just debuted on Nasdaq, is currently down 7.8%, Sandisk leads with a drop of over 10%, Western Digital is down 8%, Seagate Technology has fallen over 7%, and Micron Technology is down more than 5%.According to reports, Korean local brokerage KIS estimates that SK Hynix’s operating profit for the second quarter will reach 60.4 trillion KRW, a quarter-on-quarter increase of 61% and a year-on-year surge of 556%. However, this is still 8% below the market consensus of 65 trillion KRW. The lower-than-expected performance is mainly attributed to SK Hynix’s HBM revenue proportion being higher than peers, resulting in its average selling price rising less than the market average. KIS also expects SK Hynix’s operating profit margin for the second quarter to be 65%, down 8 percentage points quarter-on-quarter.```