"This financing is expected to end market concerns about a short-term liquidity crunch," Kim Kwang-jin, an analyst at Hanwha Investment & Securities, wrote in a note. Shares in SK Hynix dropped as much as 4% before paring its loss to 2.5%, versus a 0.4% gain in the broader market. The fundraising comes after SK Hynix posted a record quarterly operating loss of 1.7 trillion won ($1.4 billion) in the September-December quarter.