KUALA LUMPUR, June 24 (Bernama) -- Bursa Malaysia finished higher on Wednesday as bargain-hunting activities emerged following recent pullback in the market, analysts said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 0.13 per cent, or 2.21 points, to 1,682.13 from Tuesday’s close of 1,679.92. The index opened 2.11 points better at 1,682.03 and moved between 1,680.49 and 1,690.66 throughout the trading session. Market breadth was positive with gainers outpacing decliners 518 to 483, while 564 counters were unchanged, 1,175 untraded and 41 suspended. Turnover shrank to 2.76 billion units valued at RM2.42 billion against 3.35 billion units worth RM3.12 billion on Tuesday.
SK Hynix is moving closer to a US listing via ADRs after a massive AI-driven rally. The offering could raise billions, but the real objective is to attract global investors and close the valuation gap with US semiconductor peers. This is not about raising cash, it’s about re-rating the stock in the global AI race. What’s Really Happening SK Hynix is preparing to tap US markets at a time when: Its stock has surged over 300% on AI demand It dominates high-bandwidth memory (HBM), a critical component for AI chips Global investors are heavily concentrated in US-listed AI names By listing in the US, SK Hynix is positioning itself directly alongside companies like Nvidia and AMD in the same investment universe. Why This Matters This move reflects a bigger shift: Capital is flowing toward AI leaders with global visibility US markets still command valuation premiums Asian tech firms are increasingly seeking direct access to global capital In simple terms, SK Hynix is not chang...