SK Hynix Tops 2,000 Trillion Won in Intraday Market Value, Second Only to Samsung

SK Hynix's market capitalization rose above 2,000 trillion won ($1.45 trillion) during trading on June 19.

As of 9:05 a.m., the stock was trading at 2.838 million won, up 153,000 won, or 5.7%, from the previous session. The advance lifted SK Hynix's market value to about 2,022 trillion won ($1.46 trillion), making it the second company on South Korea's stock market after Samsung Electronics to surpass the 2,000 trillion won mark. The two companies account for about 52% of the Kospi.

The gain was attributed to stronger investor sentiment after a rally in U.S. semiconductor shares. Earlier on June 19, the Nasdaq rose 1.91% in New York as markets were reassured by a memorandum of understanding between the U.S. and Iran to end the war. Micron and SanDisk jumped 8.7% and 11.54%, respectively, reviving momentum in chip stocks.

Noh Jeong-dong, Hankyung.com reporter dong2@hankyung.com