Arab Today, arab today sk hynix ends at yearly high on upbeat earnings outlook
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Arab Today, arab today
Arab Today, arab today

SK hynix ends at yearly high on upbeat earnings outlook

Arab Today, arab today

Arab Today, arab today SK hynix ends at yearly high on upbeat earnings outlook

Seoul - Yonhap

SK hynix Inc., the world's second-largest manufacturer of memory chips, finished at a yearly high on Wednesday as investors bet the chipmaker would rake in decent earnings down the road on the back of a recovery in chip prices. Shares of SK hynix soared to close at a 52-week high of 40,750 won (US$39.2), up 2.39 percent from the previous session's close, on a continued buying spree by institutional and foreign investors. Tuesday's closing price also marked the highest- ever after Sept. 18, 2006, when it ended at 40,100 won.

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