SK Hynix Raise, Hua Hong Boost, Softbank Up
Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- SK Hynix raised $26.5 billion in its American depositary receipt offering, as the South Korean memory chipmaker powered through volatility to deliver the largest ever US first-time share sale by a foreign company.- Hua Hong and other chinese memory stocks rose as strong preliminary earnings from Gigadevice and Micron’s planned expansion of US chip spending bolster optimism toward the sector.- Japan’s finance minister called for the nation’s massive pension funds to increase investments…
The skinny
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