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SK Hynix stock jumps 8%, Samsung 4%: what is driving Korea's chip rebound?

SK Hynix stock jumps 8%, Samsung 4%: what is driving Korea's chip rebound?

South Korea's semiconductor trade rebounded on Wednesday as Wall Street coverage and a rush to unwind bearish positions lifted the country's two largest chipmakers. SK Hynix's US-listed shares closed 8.2% higher at $153.38 on Tuesday.

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