{"id":"1792761886892-money-segment","slug":"sk-hynix-scraps-solidigm-ipo","title":"SK Hynix scraps Solidigm IPO","summary":"SK Hynix did halt the Solidigm IPO review, and its shares reversed early losses to close up 4.4%. But the claim that this single-handedly dragged the Kospi out of a 4% hole and eased an AI rout is not supported by available reports. This is promotional market commentary, not a discrete factual claim requiring verification. Thank-you post from a school guidance department; no factual claim to check. Promotional post inviting followers to WhatsApp for earnings notes; no factual claim to check. Pre-market newsletter listing gaps and earnings; no factual claim requiring verification. This is an opinion/editorial essay, not a checkable factual claim. Opinion commentary about federal security police and local police; no specific factual claim to check. Personal post about cat care; no factual cl","publishedAt":"2026-10-23T13:24:46.892Z","channel":{"id":"money","name":"Oncast Money","language":"en"},"show":"Market Open","verification":{"status":"verified","leadVerdict":"MISLEADING","notes":"MISLEADING: SK Hynix did halt the Solidigm IPO review, and its shares reversed early losses to close up 4.4%. But the claim that this single-handedly dragged the Kospi out of a 4% hole and eased an AI rout is not supported by available reports. This is promotional market commentary, not a discrete factual claim requiring verification. Thank-you post from a school guidance department; no factual claim to check. Promotional post inviting followers to WhatsApp for earnings notes; no factual claim to check. Pre-market newsletter listing gaps and earnings; no factual claim requiring verification. This is an opinion/editorial essay, not a checkable factual claim. Opinion commentary about federal security police and local police; no specific factual claim to check. Personal post about cat care; no factual cl\nSource: [cnbc.com](https://www.cnbc.com/2026/10/23/sk-hynix-solidigm-ipo-.html), [koreajoongangdaily.com](https://www.koreajoongangdaily.com/business/sk-hynix-delays-so (https://x.com/zerohedge/status/2113619223393992778)","claims":[{"verdict":"MISLEADING","summary":"SK Hynix did halt the Solidigm IPO review, and its shares reversed early losses to close up 4.4%. But the claim that this single-handedly dragged the Kospi out of a 4% hole and eased an AI rout is not supported by available reports. This is promotional market commentary, not a discrete factual claim requiring verification. Thank-you post from a school guidance department; no factual claim to check. Promotional post inviting followers to WhatsApp for earnings notes; no factual claim to check. Pre-market newsletter listing gaps and earnings; no factual claim requiring verification. This is an opinion/editorial essay, not a checkable factual claim. Opinion commentary about federal security police and local police; no specific factual claim to check. Personal post about cat care; no factual cl","sourceName":"[cnbc.com](https://www.cnbc.com/2026/10/23/sk-hynix-solidigm-ipo-.html), [koreajoongangdaily.com](https://www.koreajoongangdaily.com/business/sk-hynix-delays-so","sourceUrl":"https://x.com/zerohedge/status/2113619223393992778","claim":"SK Hynix Scraps Solidigm IPO, Single-Handedly Drags Kospi Out Of A 4% Hole And Easing AI Rout https://t.co/y0LzdifIlc","author":"@zerohedge"}]},"sources":[{"url":"https://x.com/zerohedge/status/2113619223393992778","name":"[cnbc.com](https://www.cnbc.com/2026/10/23/sk-hynix-solidigm-ipo-.html), [koreajoongangdaily.com](https://www.koreajoongangdaily.com/business/sk-hynix-delays-so","kind":"x","verdict":"MISLEADING","author":"@zerohedge"}],"url":"https://oncast.fm/story/1792761886892-money-segment-sk-hynix-scraps-solidigm-ipo","listenUrl":"https://oncast.fm/c/money","attribution":{"publisher":"Oncast","site":"https://oncast.fm","url":"https://oncast.fm/story/1792761886892-money-segment-sk-hynix-scraps-solidigm-ipo","cite":"Cite https://oncast.fm/story/1792761886892-money-segment-sk-hynix-scraps-solidigm-ipo and the original source links. Fact-check by Oncast (oncast.fm)."},"hostsSaid":[{"host":"Bill","text":"SK Hynix just scrapped the Solidigm IPO, and the Kospi ripped off its lows."},{"host":"Adam","text":"Single-handedly? That's the claim floating around."},{"host":"Bill","text":"Zerohedge says it dragged the whole index out of a four percent hole and eased the AI rout."},{"host":"Adam","text":"The stock did reverse to close up four point four percent. That part's real."},{"host":"Bill","text":"So the memory-chip giant blinks on a U.S. listing, and Korea gets some relief."},{"host":"Adam","text":"But one company doesn't drag an entire index out of a four percent hole. That's not how markets work."},{"host":"Bill","text":"It can when it's the biggest name in the Kospi and everyone's been waiting on that IPO."},{"host":"Adam","text":"The reports say the IPO review was halted. They don't say SK Hynix single-handedly saved the day."},{"host":"Bill","text":"Fine, but the timing is hard to ignore. AI chip fears were everywhere this week."},{"host":"Adam","text":"And one delayed IPO doesn't fix a funding crunch. That's the part I'd push back on."},{"host":"Bill","text":"You're saying the AI rout is bigger than one Korean chipmaker."},{"host":"Adam","text":"Exactly. The rout is about credit stress and losing leadership, not one IPO."},{"host":"Bill","text":"Okay, but the Kospi did close up. Somebody was buying."},{"host":"Adam","text":"Somebody's always buying. The question is whether this is a real turn or just a bounce."},{"host":"Bill","text":"Speaking of turns, Polymarket just posted something that'll start a fight."},{"host":"Adam","text":"What now?"},{"host":"Bill","text":"A Polymarket post claims Michigan Senate candidate Abdul El-Sayed is calling for stock buybacks to be made illegal."},{"host":"Adam","text":"Illegal? Not taxed, not limited. Illegal."},{"host":"Bill","text":"That's the post. I can't confirm he actually said it, but it's out there."},{"host":"Adam","text":"If he did say it, that's a huge policy swing. Buybacks are how companies return cash to shareholders."},{"host":"Bill","text":"And critics say that cash should go to workers and investment instead."},{"host":"Adam","text":"But making them illegal? That's a whole different level."},{"host":"Bill","text":"It's a primary season talking point. Michigan's a big manufacturing state."},{"host":"Adam","text":"I get the politics. But the economics are messier. Buybacks aren't inherently evil."},{"host":"Bill","text":"Tell that to the guy on the line at the plant who watched his company buy back stock while cutting shifts."},{"host":"Adam","text":"That's a fair hit. But banning them outright would push companies to hoard cash or overpay for acquisitions."},{"host":"Bill","text":"Or pay dividends. Which are taxed. Buybacks are a tax dodge."},{"host":"Adam","text":"They're a capital allocation tool. The problem is when executives use them to hit bonus targets."},{"host":"Bill","text":"So you'd regulate them, not ban them."},{"host":"Adam","text":"I'd make them transparent. Tie them to long-term performance. But illegal? That's a sledgehammer."},{"host":"Bill","text":"Maybe that's the point. The sledgehammer gets attention."},{"host":"Adam","text":"It gets votes. It doesn't get good policy."},{"host":"Bill","text":"We'll see if he actually said it. Polymarket's not exactly a newsroom."},{"host":"Adam","text":"No, but it's a market. And markets are pricing in a lot of wild stuff this week."},{"host":"Bill","text":"Different world entirely: Robert Reich is on Bluesky with a new essay about Big Tech's billionaire barons."},{"host":"Adam","text":"He's asking if we're on the precipice of another age of reform."},{"host":"Bill","text":"The piece is drawing a lot of attention. Fifteen hundred likes and counting."},{"host":"Adam","text":"Reich has been making this argument for years. The question is whether this time is different."},{"host":"Bill","text":"He thinks the public is finally fed up enough to demand real change."},{"host":"Adam","text":"Maybe. But the last age of reform came after a depression and two world wars. We're not there."},{"host":"Bill","text":"No, but we've had a financial crisis, a pandemic, and a decade of tech monopolies."},{"host":"Adam","text":"And yet the biggest tech companies keep getting bigger. The market's not exactly punishing them."},{"host":"Bill","text":"That's his point. The market rewards them, so the politics have to change."},{"host":"Adam","text":"I think the politics are changing. But reform is slow. And the barons have lobbyists."},{"host":"Bill","text":"They also have products people love. That's the part Reich always underweights."},{"host":"Adam","text":"True. You can hate the monopoly and still use the search engine."},{"host":"Bill","text":"That's the trap. Anyway, the essay's worth a read if you want the full argument."},{"host":"Adam","text":"And if you want the other side, look at the market's reaction to any regulation talk. It's not exactly panicking."},{"host":"Bill","text":"Yet. The word 'yet' is doing a lot of work there."},{"host":"Adam","text":"Fair. We'll see if the reform talk turns into actual bills."},{"host":"Bill","text":"Welcome to Friday. Let's see if the market can hold it together into the weekend."}]}