SK hynix tops W2,000tr market cap as Kospi hits record

SK hynix's market capitalization surpassed 2,000 trillion won ($1.32 trillion) for the first time Friday, becoming the second South Korean company after Samsung Electronics to reach the milestone, as a semiconductor-led rally pushed the benchmark Kospi to another record high.

Shares of SK hynix opened trading at 2.77 million won, up 3.17 percent from the previous session, before rising as much as the stock’s new high of 2,858,000 won, lifting its market value to about 2,038 trillion won.

Samsung ...