SK Hynix Inc. (000660) Jumped 1.84% on Feb 24

February 24, 2018 - By Dolores Ford

Shares of SK Hynix Inc. (KRX:000660) last traded at 77300, representing a move of 1.84%, or 1400 per share, on volume of 2.40 million shares. After opening the trading day at 76100, shares of SK Hynix Inc. traded in a close range. SK Hynix Inc. currently has a total float of shares and on average sees 4.01 million shares exchange hands each day. The stock now has a 52-week low of 45650 and high of 90300.

How KOSPI Transforms South Korea Into A Global Leader

One of the leading economies backing the immense growth of the Asian economy is that of South Korea. The country has long been proven itself as a valuable asset in driving growth and maximizing potentials in the long run. It is not easy for companies to get there, but as SK Hynix Inc. shows it is possible. Its rich and healthy equity market is only one of the many proofs of South Korea’s capabilities.

About the KOSPI

The Korea Composite Stock Price Index (KOSPI) is the benchmark, market-capitalization-weighted index in South Korea. SK Hynix Inc. is inside KOSPI register. First published in 1983, it has replaced the Korea Composite Stock Price Index (KCSPI), which was like the Dow Jones Industrial Average (DJIA) of the US equity market.

The KOSPI has a base value of 100 points— the base date being January 4, 1980. It measures companies listed on the Stock Market Division of the Korea Exchange (KRX) based on market capitalization. The KRX is one of the biggest stock exchanges in Asia, boasting with a total market capitalization of $1.20 trillion as of January 2015.

With hundreds of components, the KOSPI had to be divided into several, smaller sub-indices to provide a clearer real-time representation of the South Korean equity market. These sub-indices include the KOSPI 200, which tracks the top 200 companies on the Stock Market Division of the KRX; the KOSPI 100, which tracks the top 100 companies; and the KOSPI 50, which tracks the top 50 companies. Because of its broad nature, the KOSPI 200, which represents about 70% of the total market capitalization on the Stock Market Division of the KRX, shares the same movement with the KOSPI at most times.

Perfect liquidity made it easier for SK Hynix Inc. to get there. A stock needs to be included in the KOSPI 200 before becoming eligible for inclusion in the KOSPI 100. Similarly, it needs to be included in the KOSPI 100 before becoming eligible for inclusion in the KOSPI 50.

KOSPI Performance

The KOSPI had posted its biggest one-day gain of 8.50% or 23.81 points on June 17, 1998. This is largely attributed to the recovery of the Asian economy following the massive financial crisis that had begun in Thailand.

Meanwhile, the KOSPI had posted its biggest one-day decline of 12.02% or 64.97 points on September 12, 2001. This is widely attributed to the bombing of the twin towers in the US on September 11, 2001, a tragedy that had affected the global economy by causing widespread panic among investors.

The KOSPI holds an all-time low of 93.10 points, which was last seen in January 1981; and an all-time high of 2,228.98 points, which was last seen in May 2011. It had first hit the 2,000-point mark on July 24, 2007, a year before the 2008 Global Financial Crisis broke out.

In 2014, Asia had accounted for about 24% of global financial wealth. In five years time from then, the region is anticipated to represent 26% of global financial wealth. Investing in the healthy South Korean equity market is likely healthy for investors. By doing so, they can expect to reap gains from the Asian economy bloom. They can also check the benefits of SK Hynix Inc..

More notable recent SK Hynix Inc. (KRX:000660) news were published by: which released: “SK Hynix Profit Lags Analyst Estimates on Higher Chip Investment” on October 25, 2017, also with their article: “SK Hynix Inc. Ramps Up Enterprise SSDs with its 72-Layer 512Gb 3D NAND Flash” published on February 04, 2018, published: “SK Hynix full-year operating profit quadruples to record level” on January 25, 2018. More interesting news about SK Hynix Inc. (KRX:000660) were released by: and their article: “Bain, SK Hynix group ups bid for Toshiba chip unit to $22 billion: sources” published on September 09, 2017 as well as‘s news article titled: “SK Hynix sees 20 percent DRAM growth next year as super-cycle smashes profit …” with publication date: July 25, 2017.

SK Hynix Inc., together with its subsidiaries, makes, distributes, and sells semiconductor products worldwide. The company has market cap of $. The firm offers memory semiconductor products, such as DRAM, NAND flash, multi-chip package, etc.; system semiconductors, including CMOS image sensor, etc.; and SSD. It currently has negative earnings. It also provides computing, mobile, automotive, graphics, consumer, and storage solutions.

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