Shares of South Korean chip giant SK Hynix surged 11% on Thursday after the company said it is seeking to raise as much as $29.4 billion.

SEOUL, June 24 : South Korea's SK Hynix said on Wednesday it plans to raise 45.45 trillion won ($29.43 billion) via the listing of American Depository receipts (ADR) in the U.S.,…

South Korea's SK Hynix is set to raise a massive $29.43 billion through American Depositary Receipts on Nasdaq. This significant capital infusion aims to bolster its investor base…