SK Hynix shares jump nearly 12%, tracking US stock gains

15 Jul 2026 08:58AM

(Updated: 15 Jul 2026 09:03AM)

SEOUL, July 15 : Shares in SK Hynix jumped more than 11.8 per cent in morning trade in Seoul on Wednesday, tracking overnight gains in U.S. technology stocks after softer-than-expected U.S. inflation data, while also drawing support from Barclays' initiation of research coverage.

Barclays placed an "overweight" rating and a $330-a-share price target on the company's newly listed American Depositary Receipts (ADRs), which surged nearly 28 per cent to $193.92 on Nasdaq on Tuesday.

The benchmark KOSPI was trading up 6.9 per cent as of 0023 GMT on Wednesday.

Source: Reuters