SK Hynix shares surged more than 8% in early trading, briefly reclaiming the 2 million won mark. This increase is attributed to a strong performance by major semiconductor stocks on the New York Stock Exchange, along with a double-digit rise in SK Hynix's American Depositary Receipts (ADRs), which boosted investor sentiment.
As of 9:25 a.m. on July 22, SK Hynix was trading at 1,991,000 won, up 155,000 won (8.44%) from the previous trading day.
The stock opened at 1,977,000 won and peaked at 2,006,000 won during the session, marking a return to the so-called '2 million won' level for the first time in four trading days since July 15.
The rebound in U.S. semiconductor stocks appears to have driven the price increase. On July 21, NVIDIA rose 1.97%, Micron gained 12.17%, and Broadcom increased by 2.21%. The Philadelphia Semiconductor Index also jumped 5.21%.
SK Hynix's ADR closed at $171.94, a 13.75% increase from the previous day. This surge follows a period of significant declines in global semiconductor stocks, leading to renewed buying interest in domestic semiconductor shares.
In the domestic market, foreign investors have been net buyers in the securities market, contributing to the rise in indices. Major semiconductor stocks, which had seen substantial declines recently, are rebounding strongly, helping the KOSPI index rise over 5% in early trading, reclaiming the 7,100 level.
However, despite the recent rebound, SK Hynix's stock price remains significantly below its peak. The company's 52-week high is 2,987,000 won, meaning the intraday high of 2,006,000 won is approximately 32.8% lower than that peak.
* This article has been translated by AI.
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