Chinese memory-chip-related stocks surged on Monday, led by Shenzhen Longsys Electronics Co Ltd, partly as investors reacted to the impending US listing of South Korean memory chip giant SK Hynix.

Over the past 12 months, SK Hynix’s Korea-listed shares and Micron’s stock have gained about 700%.

South Korean chipmaker SK Hynix is making a massive $29 billion US stock market debut, aiming to boost its valuation and compete with rivals like Micron. This move taps into the…