SK Hynix, Samsung Stocks Rally as Singapore State Fund Adds Stakes on Memory Giants
SK Hynix and Samsung jumped more than 7% after a report that Singapore's Temasek plans direct stakes, lifting Micron, Sandisk and Seagate in US trading.
A big investment company from Singapore said it wants to own pieces of SK Hynix and Samsung, which made their stocks jump up. When important investors believe in a company enough to buy it, that's a signal other people might think it's a solid choice.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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