SK Hynix ADR jumps 18% as U.S.-listed storage stocks rally

MSX.COM data showed SK Hynix touching a record $182.76, while Micron, Western Digital, Seagate, SanDisk and Kioxia ADR all moved higher in the same session.

Summary

SK Hynix ADR rose 18% as U.S.-listed storage and memory shares extended their gains, after climbing as much as 19.8% to a record $182.76 per share and reaching a reported market capitalization of $1.31 trillion, according to MSX.COM data. The broader move was positive across peers, with Micron up 4.69%, Western Digital gaining 3.23%, Seagate rising 2.60%, SanDisk adding 5.68%, and Kioxia ADR advancing 3.67%. The latest trading marks a shift from the earlier mixed performance in the group, with SK Hynix still leading the sector's advance.

Terms & Concepts
  • ADR: American depositary receipt, a U.S.-traded share certificate representing a foreign company.