sk hynix\s joy ride may continue on earnings improvement
Last Updated : GMT 06:49:16
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Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

SK hynix's joy ride may continue on earnings improvement

Arab Today, arab today

Arab Today, arab today SK hynix's joy ride may continue on earnings improvement

Seoul - Yonhap

Shares of SK hynix Inc., the world's second-largest manufacturer of computer memory chips, are zooming higher, trading near a yearly high as investors bet the chipmaker would rake in decent earnings this year on the back of a recovery in chip prices and its expanded market presence, analysts said Friday. Shares of SK hynix soared to a 52-week high of 39,250 won (US$36.9) on Wednesday on a continued buying spree by foreign investors, although it fell slightly to close at 38,850 won on profit-taking the following day.

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