SK hynix stock nears all-time high on strong chip demands
Seoul - Yonhap
SK hynix Inc. shot up to this year's high on Monday, chasing after its historic peak price of 1997 based on a positive earnings outlook for later this year.
SK hynix, the world's second-largest chipmaker, hit a new 52-week high of 48,550 won (US$47.59) in late afternoon trading on the Seoul bourse, flirting with its highest price of 49,600 won recorded on June 19, 1997, when its name was Hyundai Electronics. Its shares closed at 48,350 won, up 2.76 percent from the previous session. The benchmark KOSPI rose 0.14 percent.