SK Hynix Shares Rebound Following Scrapped Solidigm IPO Plans

Shares of chipmaker SK Hynix rebounded following an initial decline in early trading, CNBC reported. The share price fluctuations followed the company's decision to halt its review of initial public offering plans for its US subsidiary Solidigm.

Concurrently, Bloomberg reported that the developments surrounding the South Korean company come amid a deepening selloff across technology shares in the markets.

Further details regarding subsequent trading in the stock or the company's next steps have not yet been released.