Riding on the sharp gains of US memory peers last Fri (8th), the worlds second-largest memory chipmaker SK Hynix (000660.KS) surged to an intraday peak of 1.949 million won today (11th), repeatedly hitting record highs. It was last quoted at 1.943 million won, up 15.3%. Hong Kong-listed XL2CSOPHYNIX (07709.HK) -0.600 (-0.568%) Short selling $1.38B; Ratio 32.682% also reached a record high at HKD100.05, up 27.48%, with turnover of HKD6.216 billion. Supported by SK Hynix and Samsung Electronics (005930.KS), South Koreas KOSPI index once climbed to a record high of 7,899 points today and was last at 7,847 points, up 349 points or 4.7%.Daishin Securities analyst Ryu Hyung-keun said today that amid surging AI inference demand, the global market is reassessing the value of memory chip stocks. Ryu stated that this is not a one-off event but the beginning of a new era. The broker raised its TP on SK Hynix by 47% to 2.5 million won.Related News Citi Lifts Samsung Electronics (005930.KS) TP to KRW460,000, Reiterates Buy; Launches 90-day Positive Catalyst WatchIn addition, Morningstar previously issued a report expecting prices of SK Hynixs two major product categories, DRAM and NAND, to peak next year. It forecast the companys operating margin to rise from 48.6% last year to 75.7% and 77.3% in 2026 and 2027, respectively. It also projected dividends to increase from 3,000 won per share last year to 15,000 won and 16,000 won per share in the next two years, respectively. (da/a)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-14 16:25.)
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