Barclays Sets SK Hynix ADR Target at $330 as Semiconductor Stocks Rally on July 15

According to Barclays, SK Hynix ADR received a $330 price target (approximately 4.92 million Korean won) on July 15, signaling confidence in the semiconductor sector's recovery. The stock rating was upgraded to Overweight.

Samsung Electronics and SK Hynix rose 5% and 8% respectively on July 15, extending gains to a second consecutive day. Other semiconductor firms also surged, with Hanmi Semiconductor jumping 29.88% to the daily limit. The KRX Semiconductor Index gained 9.4%.

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