Markets· August 16, 2026 at 02:52 p.m.
SK Hynix Stock Surges on Investment from Singapore's Sovereign Wealth Fund and Strong Market Report
Key takeaways
- SK Hynix's share price rose by 20.6% this week
- Investment from Singapore's Temasek wealth fund and a positive market report boosted SK Hynix's shares
- SK Hynix's market share of 22% trails Samsung's 25%, but the company is benefiting from its rival's supply constraints
SK Hynix (NASDAQ: SKHY) shares soared this week, increasing by 20.6%, while the S&P 500 and Nasdaq Composite rose 1.2% and 1.7% respectively. The surge was triggered by news of an investment from Singapore's Temasek wealth fund and a positive market share report from Counterpoint Research.
