The Financial Supervisory Service approved ETFs tracking SK Hynix, prompting investors to view Micron as an alternative investment.
1 report, 1 independent
Updated Jun 23
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What happened
The Financial Supervisory Service approved ETFs tracking SK Hynix, prompting investors to view Micron as an alternative investment.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- SK Hynix is viewed as a superior investment opportunity.Sub-event
FSS approves ETFs tracking SK Hynix, influencing investor sentiment toward Micron.1 source
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The entities involved
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Micron Technology
American multinational corporation based in Boise, Idaho
- European markets are experiencing a tech stock rout as chipmakers like Intel and Micron bear the brunt, while the Bank of England monitors inflation.
- Conflict between the US and Israel has led to attacks on Iranian targets, culminating in the closure of the Strait of Hormuz and subsequent impacts on global oil markets and tech stocks like Micron.
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SK Hynix
South Korean memory semiconductor supplier
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Financial Supervisory Service
South Korea's integrated financial regulator
Related events
- SK Hynix plunged in its trading debut amid concerns over AI-related funding and its weight in the KOSPI index.
- Both the iShares MSCI Emerging Markets ETF and the Schwab International Equity ETF hold SK Hynix as a large position.
- Financial links established between Hong Kong ETFs and the stocks of SK Hynix and Samsung Electronics, starting on June 1st.
- Micron Technology and SK Hynix are expected to have a strong quarter amid supply crunch expectations.
- Direxion launched a fund that invests in Micron Technology stock and trades on the NASDAQ exchange.