SK Hynix Stock Jumps 12% as Korea Stock Index Hits Fresh YTD High

The post SK Hynix Stock Jumps 12% as Korea Stock Index Hits Fresh YTD High appeared first on Coinpedia Fintech News

SK Hynix stock surged 12% intraday, helping lift the Korea stock index (KOSPI) by 4.8% to a fresh year-to-date high. The rally came just two weeks after SK Hynix raised $26.5 billion through its Nasdaq listing, one of the largest U.S. share offerings on record. Despite the sizable fundraising, which often pressures share prices, investors …