SK hynix ADR rebounds as bargain hunters step in after 52-week low
SK hynix American depositary receipt jumped 6.6% in U.S. pre-market trading to $162.35 after the ADR fell to a 52-week low of $151.30 following two days of heavy selling. The earlier drop was linked to a Korea Investment Securities estimate that Q2 operating profit would be about 60.4 trillion won, roughly 8% below consensus, and concerns that gain…