On July 31, SK hynix rose 7.04% in regular trading, trading at 156.61 USD/share, with turnover of approximately 1.662 billion USD, extending the global memory sector rally.

On the news front, SK hynix shares on the Korean exchange hit the 30% daily limit up, triggering a broad rally across U.S.-listed memory stocks. SK Group Chairman Chey Tae-won purchased 3,620 shares of SK hynix on the open market for approximately 4.8 billion KRW, marking his first-ever personal direct shareholding in the company, having previously held indirect control through SK Square. With the stock having retreated over 50% from its June high, the purchase was widely interpreted as a bottom-fishing signal. Additionally, UBS initiated coverage on SK hynix ADR with a target price of 204 USD on the same day, further reinforcing bullish expectations.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)