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SK Hynix shares traded up 15% at 1,050,000 won ($712.20) each, outperforming Samsung's 8.7% gain.
Samsung Electronics forecasted an eight-fold jump in first-quarter operating profit, beating analyst estimates.
KEY POINTS
- Korea Investment & Securities raised SK Hynix's full-year operating profit estimate by 28% to 216 trillion won.
- SK Hynix's projected 2025 operating profit is now expected to be more than quadruple previous estimates.
- SK Hynix shares surged 15%, outperforming both Samsung and the broader market after Samsung's earnings forecast.
COMPANIES
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