On August 3, SK hynix rose 3.94% overnight, trading at 147.8 USD/share, with turnover of 1.2674 million USD, extending the recent collective rebound across the global storage sector.

On the news front, the rally was driven by multiple catalysts. SK Group Chairman Choi Tae-won purchased 3,620 shares of SK hynix on the open market for the first time in a personal capacity, totaling approximately 4.8 billion KRW. This marks his first direct personal holding, previously controlling the company indirectly 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, reinforcing bullish expectations. The Korean-listed shares previously surged to the 30% daily limit, further fueling global storage sector momentum. Samsung and SK hynix also reported record combined quarterly operating profits of 150 trillion KRW, while both companies are accelerating HBM and next-generation memory R&D investment.

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