[Featured Stock] SK Square Surges Over 10% on SK Hynix Rebound

On the morning of the 9th, SK Square's share price surged more than 10%. As SK Hynix's share price rose, investor sentiment appears to have focused on the stake held by its largest shareholder, SK Square.

As of 9:40 a.m. on the same day, SK Square was trading at 567,000 won, up 10.31% from the previous session. This is interpreted as being driven by SK Hynix's share price, which was up in the 6% range at the same time.

SK Square is the largest shareholder of SK Hynix, holding roughly a 20% stake. The rise in SK Hynix's share price leads to an increase in SK Square's corporate value. In addition, it is easier for SK Square to maintain its control over SK Hynix when SK Square's share price rises in proportion to that of SK Hynix.

The strength in SK Hynix is seen as the result of a rebound in the U.S. New York stock market led by semiconductor companies. On the 6th (local time), in the U.S. stock market, Nvidia rose 7.8% and Broadcom gained 7.1%. The S&P 500 Index and the tech-heavy Nasdaq Composite Index also closed up 1.97% and 2.18%, respectively.

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