From 24/7 Wall St. · Omor Ibne Ehsan · · 1m 10s
SK Hynix Rises 6% as Asia Re-enters AI Market
SK Hynix jumps 6% after Asian investors buy back into AI, but earnings on Oct 28 could reverse gains.
In brief
SK Hynix jumps 6% after Asian investors buy back into AI, but earnings on Oct 28 could reverse gains. SK Hynix stock rose 6% as Asian investors re-entered AI markets, but earnings on October 28 may reverse gains. Originally reported by 24/7 Wall St..
SK Hynix Surges
SK hynix rose 6.43% to 1.357 million won in Seoul trading on October 27, reaching 1.38 million won by 10:46 a.m.
Foreign Investors Pile In
Foreign investors net bought 156.2 billion won while retail investors net sold 118.6 billion won on October 27.
Anthropic's IPO Filing
Anthropic filed an S-1 registration statement on October 26 for a Nasdaq listing under the symbol 'ANT', with first-half revenue at $16.29 billion.
SK Hynix Earnings Test
SK Hynix reports third-quarter results on October 28, with a special dividend of 16 trillion won (about $12 billion) potentially boosting gains.
Market Reaction
The KOSPI rose 4.79% to 5,731.55 on October 27, while SK Hynix's U.S. shares closed at $145.15 after a 1.77% after-hours gain.
What Decides Next Move
If SK Hynix stays above $142.62 after earnings, the rebound has a real basis; otherwise, the October 27 move was a relief rally.
The essence
SK Hynix stock rose 6% as Asian investors re-entered AI markets, but earnings on October 28 may reverse gains.
