[Market Highlight] SK Hynix Rises for 8 Consecutive Days, Surpasses 310,000 Won
SK Hynix continued its upward trend for the eighth consecutive day, surpassing 310,000 won.
As of 9:24 a.m. on September 11, SK Hynix was trading at 313,000 won on the Korea Exchange, up 9,000 won (2.96%) from the previous day. During the session, the price climbed as high as 315,000 won, setting a new all-time high.
The influx of foreign buying continues to push the stock price higher. Foreign investors have been net buyers of SK Hynix for seven consecutive trading days as of the previous day. In September alone, foreign investors have net purchased 1.7304 trillion won worth of SK Hynix shares, making it their top pick.
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News of the launch of high-performance mobile NAND supply also appears to have had a positive impact on the stock price. On this day, SK Hynix announced that it has supplied its 'ZUFS 4.1' product, the world's first mass-produced high-performance NAND solution for mobile devices, to its clients.
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