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SK Hynix's Stock Soars Over 4% in Pre-Market Trading, Rebounding from Nearly 4% Drop
9 hour ago /
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Author：小编
On July 17, in the pre-market session of the US stock market, SK Hynix's stock price initially took a dip of nearly 4%, only to stage a remarkable comeback by surging over 5.5%, ultimately reaching $160.6 per share. This followed a significant decline of 13.7% in the previous trading day. Chey Tae-won, Chairman of SK Group, attributed the meteoric rise in stock prices of both SK Hynix and Samsung Electronics since last year to the exponential surge in demand for memory chips. He posited that the recent downturn in stock prices represents a correction after a period of excessive gains. Moreover, he expressed confidence that the demand for memory chips will remain robust, projecting an upward trend in stock prices over the long haul.
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