SK hynix was strong in early trading on the 29th after being removed from the investment warning list.
As of 9:43 a.m., SK hynix was trading at 6.3 million won, up 310,000 won (5.18%) from the previous session.
On the 26th after the regular session closed, the Market Oversight Commission of the Korea Exchange (KRX) said it would revise market surveillance rules to exclude the top 100 large-cap stocks by market capitalization, including SK hynix, from investment warning designation. The detailed enforcement rules take effect today.
Previously, if an individual stock's price rose 200% or more over a year, even large caps were designated as investment warning stocks. SK hynix was also classified as an investment warning stock on the 11th for this reason.
Brokerages are raising their expectations for SK hynix. NH Investment & Securities raised its target price for SK hynix to 8.8 million won from 8.6 million won. It projected that SK hynix's operating profit next year will reach 105.5 trillion won, up 133% from the previous year.
Ryu Young-ho, an analyst at NH Investment & Securities, said, "Despite an overwhelming return on equity (ROE) next year, it will continue to trade in a relatively undervalued range," and added, "Faster-than-expected memory price increases are driving continued upward revisions to 2026 results."