SK Hynix climbs 13% after record US$26.5 bil US offering

SK Hynix Inc. saw a 13% gain in its debut trading day on a U.S. exchange, following a record-breaking $26.5 billion first-time share sale by a foreign company. The South Korean memory chipmaker's American depositary receipts (ADRs) closed at US$168.01 in New York trading on Friday, demonstrating strong investor confidence in AI-related demand.