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 continued buying the stock, reflecting strong confidence in the company’s AI-driven growth prospects.
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