US Stock Market Move | Some memory chip concept stocks rebound after overselling; SK Hynix (SKHY.US) rises nearly 4%.

On Friday, some memory chip concept stocks rebounded after overselling. SK Hynix (SKHY.US) rose nearly 4%, Micron Technology, Inc. (MU.US) gained over 3%, and SanDisk (SNDK.US) rose 2%. On the news front, on October 23, SK Hynix announced its decision to suspend the IPO plan for its US memory subsidiary Solidigm and to pause advancing its pre-IPO investment and initial public offering in the US; the company said Solidigm had considered various financing options to expand capacity and enhance competitiveness, but suspended the relevant plans after comprehensively considering factors such as changes in the capital market environment.