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SK Hynix Exploring Possibility of New York Stock Listing
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SK Hynix (000660.KS) is evaluating various measures to enhance corporate value, including exploring the possibility of listing in New York, according to its regulatory filings. The Company believed that this move may help narrow the valuation gap of the Company with US peers such as Micron Technology (MU.US). Stimulated by the news, the Company's share price once leaped 4.8% this morning (10th), and last mounted 3% to KRW583,000. XL2CSOPHYNIX (07709.HK), a leveraged ETF that tracks the stock and is listed in Hong Kong, mushroomed 4.87% to $13.14 in the early session, with a turnover of $57.8202 million. AASTOCKS Financial News Website: www.aastocks.com |
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