SK Hynix rallies 15% to record high on Micron boost, ADR plans

SK Hynix shares surged 15% to a record high, driven by a boost from Micron and plans for a US ADR listing. Analysts suggest the move toward a US listing could drive a 30% upside, potentially narrowing the market value gap between SK Hynix and its rival, Micron Technology Inc., providing significant gains for shareholders as the company seeks a higher valuation through expanded international market access and increased visibility in the US market.