[Market Focus] SK hynix Nears 260,000 Won with New Record High, Shares Up Over 4%

SK hynix once again set a new intraday record high on June 17, with its share price surpassing 250,000 won per share and approaching the 260,000 won mark.

As of 9:40 a.m. on this day, SK hynix shares were trading at 259,000 won per share, up 4.44% from the previous session. After closing at an all-time high with a gain of more than 5% the previous day, the rally continued into this session. SK hynix has shown an upward trend on all but one of the past 10 trading days this month.

This rally is attributed to expectations for a rebound in the semiconductor industry and forecasts of rising memory prices. In particular, SK hynix is considered a stock likely to deliver differentiated earnings, thanks to its competitiveness in high-bandwidth memory (HBM), which is highly profitable. Overnight in the New York stock market, the Philadelphia Semiconductor Index jumped more than 3%, supported by optimism over tariff negotiations between the United States and major countries.

At the same time, Samsung Electronics was also showing a gain of over 4%. Samsung Electronics shares were trading at 59,500 won per share, up 4.02% from the previous session.