South Korea's KOSPI Rises 6.25% and Reclaims the 9,000 Level; 2x Leveraged ETF Related to SK Hynix Extends Rally to 24%

Tiger Newspress13:31

South Korea's KOSPI reclaimed the 9,000 level, rising 6.25% on the day. 2x leveraged ETF related to SK Hynix extended rally to 24% while 2x leveraged Samsung ETF jumped 12%.

SK Hynix aims to raise tens of billions of dollars in a U.S. listing next month as it battles rivals including Micron Technology to meet soaring demand for memory chips.

The South Korean semiconductor company said Wednesday that its American depositary receipts are slated to list on the Nasdaq Global Select Exchange on July 10.

SK Hynix plans to secure 45.45 trillion won ($29 billion) from the listing. That’s more than double the $10 billion target South Korean media had previously identified.

Shares of SK Hynix, Micron, and Samsung Electronics have racked up triple-digit gains in 2026 as the boom in construction of artificial-intelligence data centers drives up demand for memory chips.

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