Memory and storage shares opened higher in the United States on Wednesday after losing ground a day earlier, with SK hynix and SanDisk up about 4% and Micron up 3.09%.
SK hynix’s U.S.-listed American depositary shares started at $145.45, a gain of $5.66, or 4.05%, from Tuesday’s $139.79 close. SanDisk was around $1,417 at the open, about 4% above its $1,365.38 close. Micron began at $923.73, up 3.09% from Tuesday’s $896.07 finish.
The three stocks had declined in Tuesday’s session: SK hynix lost 2.2%, SanDisk slipped 0.4% and Micron fell 1.0%. The stock comparisons use Wednesday’s opening levels against Tuesday’s closes; the index figures are closing changes for Wednesday.
The Nasdaq Composite led major U.S. indexes at Wednesday’s close, rising 1.1%. The Dow Jones Industrial Average added 0.7%, while the S&P 500 gained 0.6%.
