Why is SK Hynix stock sliding today?

Market reports indicate that Zip Co stock is currently crashing, reflecting a significant downward trend in its valuation. Simultaneously, SK Hynix stock is sliding, experiencing a decline in share price. Both companies are facing negative market momentum today, leading to these respective drops. Investors are monitoring the specific drivers behind the volatility affecting Zip Co and SK Hynix as their stock values decrease in the current trading session across their respective financial markets.