SK Group's Listed Companies Achieve Record Market Capitalization Exceeding 2,000 Trillion Won

Deep News06-16

The total market capitalization of listed companies under South Korea's SK Group surpassed 2,000 trillion won (approximately 1.321 trillion US dollars) for the first time on Tuesday, primarily driven by a recent surge in the share price of its memory chip manufacturer, SK Hynix.

Data from the Korea Exchange shows that as of 2:34 PM local time on Tuesday, the combined market value of the 19 listed companies under SK Group reached approximately 2,015 trillion won, marking an increase of 2.62% from the previous trading session's close.

Shares of SK Hynix soared as much as 3.56% in afternoon trading, reaching around 2.36 million won per share. This pushed its market capitalization to 1,688 trillion won, which accounts for 83.7% of the total market value of all SK Group's listed entities.

Concurrently, the total market capitalization of listed companies under the Samsung Group also increased, rising by 1.95% to reach 2,546 trillion won.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment