Ice and fire! SK Hynix's U.S. stock debut soared by 13%, while the South Korean stock market plunged by 11% in a single day. What are the reasons for the diverging market trends?

According to the Securities Times app, SK Hynix's stock price fell in Seoul on Monday, after the storage chip maker completed the largest foreign company IPO in US stock history. Traders pointed out that profit-taking and switching to American Depositary Receipts (ADR) were the main reasons for the fall in SK Hynix's South Korean stocks.