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SK Hynix's Mkt Cap Topples Samsung Electronics to Become S Korea's Most Valuable Firm; S Korea Mulls Separate Stabilization Measures for Single-Stock Leveraged Products
2026-06-22 15:49:57 South Korea's KOSPI was on bumpy ride today (22nd). It opened down 1.1% at 8,954 and then shed as much as 1.7% to a trough of 8,900 in early trading. The index later regained upward momentum, once reversing up by 2.2% to a peak of 9,253, and closed at 9,114, up 62 points or 0.7% after fluctuations throughout the day. Global memory chip giant SK Hynix hit an intraday record high of KRW2.945 million and closed up 5.6% at KRW2.919 million. Samsung Electronics edged down 0.1% at the close after choppy trading. In early afternoon local time, SK Hynix's market cap once hiked to KRW2,054 trillion (equivalent to about USD1.3 trillion), surpassing Samsung Electronics' KRW2,049 trillion. SK Hynix broke Samsung's 26-year record to become South Korea's largest company by market value. On the ride of the AI boom, SK Hynix's share price has leaped more than threefold so far this year, while Samsung has climbed nearly twofold. Lee Chan-jin, Governor of the Financial Supervisory Service (FSS), said today that, as retail investor demand for high-risk products shows no signs of cooling, financial regulators are considering separate stabilization measures for single-stock leveraged products (which are prohibited from being labeled as ETFs under local law). ~ AASTOCKS Financial News Website: www.aastocks.com | |