402340.KS is trading 6.9% up at KRW 1,923,000 as investors reprice its stake in SK hynix following reports of a massive US ADR listing plan worth up to $29.4 billion.
- The planned Nasdaq listing, expected in July 2026, is seen as a move to unlock higher international valuation for SK hynix, directly benefiting SK Square as a major shareholder.
- The news has triggered strong follow-through buying, helping the stock gain momentum despite recent volatility across the broader semiconductor sector.