[New York Stock Exchange] All Major Indexes Close Higher Despite Middle East Tensions... SK hynix Up 13.08%

On the 10th (local time), all three major U.S. stock indexes closed higher, buoyed by strength in technology stocks despite ongoing tensions in the Middle East. SK hynix, which debuted on the Nasdaq that day, ended trading at $168.49, up 13.08% from its offering price. At the New York Stock Exchange (NYSE), the Dow Jones Industrial Average finished at 52,637.01, up 149.60 points (0.29%) from the previous session. The large-cap S&P 500 index rose 31.75 points (0.42%) to 7,575.39, while the tech-heavy Nasdaq index concluded at 26,281.60, up 74.71 points (0.29%).The market ended the week on an uptrend, supported by the effect of SK hynix's Nasdaq listing and the strong performance of select technology stocks. Notable gainers included SK hynix with a 13.08% rise, NVIDIA up 4.03%, SanDisk up 3.10%, and ADM up 2.04%. In contrast, Intel fell 2.40%, Qualcomm dropped 1.02%, and Micron declined 1.24%. Meta saw a sharp increase of 5.97% compared to the previous session and is expected to post

Stock Market

07.11 05:27

SK hynix Opens on NASDAQ at $170... "Memory Shortage May Last Until 2030"

SK hynix's American Depositary Receipts (ADR) made their debut on the NASDAQ in the United States, opening at USD 170—approximately 14% higher than the public offering price of USD 149. Driven by expectations of continued memory semiconductor supply shortages fueled by expanding investments in artificial intelligence (AI), global investors flocked to purchase shares. As of 2:52 p.m. (local time) on July 11, SK hynix was trading at USD 168.74 on NASDAQ, up 13.25% from its offering price. The stock opened at USD 170, marking a 14.1% increase over the offering price. During intra-day trading, the price climbed as high as USD 176.34, representing an 18.3% jump from the offering price. In his first English-language interview held in New York, SK hynix CEO Kwak Nojeong stated that the memory semiconductor shortage, which is disrupting markets for computers, automobiles, and electronic devices, could persist beyond 2030. CEO Kwak explained that customers are entering into long-term supply co

Stock Market

07.11 04:05

[Q&A] Chairman Chey Tae-won: "Memory Supply Must Accelerate Tenfold"

Chey Tae-won, Chairman of SK Group, stated that the rapid proliferation of artificial intelligence (AI) is causing memory demand to far outpace supply, emphasizing the need to quickly scale up production capacity. Regarding the possibility of building a memory fabrication plant in the United States, he explained that while the option can be considered if conditions such as electricity, water supply, and land are met, construction has not been finalized. At a meeting with correspondents held at NASDAQ in New York on the 10th (local time), Chairman Chey said, "Now is the time to scale up and compete through continued investment," adding, "The biggest challenge is moving ten times faster than in the past." The following are key excerpts from the Q&A with Chairman Chey. - Why should people continue to buy SK hynix shares now? What are your plans for your Kioxia stake?▲It is not my place as chairman to comment on how the stock price will move. That is something financial experts should answ

Stock Market

07.11 02:08

SK Chairman Chey Tae-won: "AI Demand Outpaces Supply Expansion... Structural Changes in the Memory Industry"

Chey Tae-won, Chairman of SK Group, stated that the proliferation of artificial intelligence (AI) has brought about structural changes in the memory semiconductor industry. He explained that as AI learning and service usage expand, the amount of data that must be stored is surging, leading to a new phase in which memory demand consistently outpaces the speed at which supply can be expanded. He also left open the possibility of investing in overseas fabs, including in the United States. On July 10 (local time), during a press conference with correspondents in New York, Chey said, "I believe structural changes have occurred," adding, "It has become clear that the industry no longer moves in the same cycles as before." He clarified that the cyclical nature of the semiconductor industry has not disappeared altogether. However, he diagnosed that the gap between demand and supply is widening in a different pattern than in the past, due to the spread of AI. Chey stated, "Ultimately, the cyc

Stock Market

07.11 02:06

Chey Tae-won: "Tens of Billions to Be Invested in U.S. AI and Data Centers... Memory Fab Also Under Review"

Chey Tae-won, Chairman of SK Group, announced in the United States that the group could invest tens of billions of dollars in artificial intelligence (AI), data centers, related technologies, and startups. He also left open the possibility of building a memory semiconductor manufacturing plant in the U.S., but specified that this would depend on meeting certain conditions such as power supply, water, workforce, and supply chain infrastructure. In a CNBC interview on July 10 (local time) marking SK hynix’s Nasdaq listing, Chairman Chey was asked about additional investment plans in the United States. He said, “We are anticipating investments of at least tens of billions of dollars in the AI sector.” He clarified, “This is a different investment from memory semiconductors,” and explained, “We are reviewing various types of investments, including AI and AI data centers, related technologies and startups, as well as joint ventures with partners.” He added, “We expect a large-scale investme

Stock Market

07.11 00:45

SK hynix Debuts on Nasdaq, Solidifying Status as AI Memory Powerhouse (Comprehensive)

SK hynix's American Depositary Receipts (ADR) debuted on Nasdaq, opening at a price 14% higher than the offering price in its first trading session. Global investors flocked to buy SK hynix shares, drawn by the company's growth potential as a leader in the high-bandwidth memory (HBM) market, amid expectations that the memory semiconductor supply shortage—driven by expanding artificial intelligence (AI) investments—could continue beyond 2030. On July 10, 2026 (local time), SK hynix officially began trading its ADRs after holding an opening bell ceremony at the Nasdaq MarketSite in Times Square, New York. The event was attended by key management, including SK Group Chairman Chey Tae-won, Senior Vice Chairman Chey Jae-won, and SK hynix CEO Kwak Noh-jung. This listing comes as SK hynix's standing in the AI semiconductor market has risen significantly. The rapid proliferation of generative AI has led to a surge in data center investment and a sharp increase in demand for high-bandwidth memo

Stock Market

07.10 22:32

Giant Taegeukgi Lights Up Manhattan as SK hynix Receives Surprise Celebration Ahead of U.S. Listing

A giant Taegeukgi, the South Korean national flag, lit up the night sky over Manhattan, New York. On the eve of SK hynix's debut on the U.S. stock market, JP Morgan, the lead underwriter, illuminated the top of its headquarters building with the Taegeuk symbol. According to industry sources on July 10, the lighting shaped like the Taegeukgi was turned on at the top of the '270 Park Avenue' building in Manhattan, New York, on the afternoon of July 9 (local time). This building, standing at 423 meters tall, is the sixth tallest skyscraper in New York and serves as the headquarters for JP Morgan, the largest bank in the United States. JP Morgan, along with BofA Securities, Citigroup, and Goldman Sachs, served as one of the lead underwriters for SK hynix’s American Depositary Receipt (ADR) offering. The Taegeukgi lighting was reportedly arranged to celebrate the successful offering and to welcome SK hynix's entry into the U.S. stock market ahead of its official listing. SK hynix ADRs recei

Stock Market

07.10 18:40

Warsh Unveils List of 'Reform TF Members' to Overhaul the Fed from the Ground Up

Kevin Warsh, Chairman of the U.S. Federal Reserve (Fed), on July 9 (local time) unveiled the 15 external experts who will lead the five major reform task forces (TFs) he had previously announced. The group includes not only economists but also figures from the business and technology sectors, as well as former central bank governors, reflecting a broad range of expertise. Chairman Warsh first introduced his TF initiative at a press conference immediately following his inaugural Federal Open Market Committee (FOMC) meeting, held on June 16-17. The task forces will conduct a comprehensive review of the Fed’s communications, balance sheet management, economic statistics, productivity and employment, and inflation analysis frameworks. The selected members represent a diverse array of backgrounds. Raj Chetty, Professor of Economics at Harvard University and a pioneer in the use of alternative and real-time data for analyzing households and regional economies, will serve as co-lead of the Ec

Stock Market

07.10 11:05

TSMC Sets New Monthly Sales Record in June Driven by AI Semiconductor Demand

[New York Stock Exchange] All Major Indexes Close Higher Despite Middle East Tensions... SK hynix Up 13.08%

SK hynix Opens on NASDAQ at $170... "Memory Shortage May Last Until 2030"

[Q&A] Chairman Chey Tae-won: "Memory Supply Must Accelerate Tenfold"

SK Chairman Chey Tae-won: "AI Demand Outpaces Supply Expansion... Structural Changes in the Memory Industry"

Chey Tae-won: "Tens of Billions to Be Invested in U.S. AI and Data Centers... Memory Fab Also Under Review"

SK hynix Debuts on Nasdaq, Solidifying Status as AI Memory Powerhouse (Comprehensive)

Giant Taegeukgi Lights Up Manhattan as SK hynix Receives Surprise Celebration Ahead of U.S. Listing

Warsh Unveils List of 'Reform TF Members' to Overhaul the Fed from the Ground Up

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