SK hynix shares topped 600,000 won intraday for the first time on the 3rd.
As of 10:34 a.m. on the 3rd, SK hynix shares were trading at 597,000 won on the main bourse, up 6.80% (38,000 won) from the previous session. At one point during the session, SK hynix rose to 600,000 won, marking a record high.
Japanese investment bank Nomura Securities raising its target price for SK hynix to 840,000 won is seen as drawing in investor sentiment.
Nomura on the 2nd raised its target price for SK hynix to 840,000 won from 540,000 won, up 55.6%.
Nomura projected a memory supercycle to continue through 2027 and forecast SK hynix's operating profit at 99 trillion won in 2026 and 128 trillion won in 2027.
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