Wall Street stabilizes ahead of SK Hynix's Nasdaq listing

Wall Street indexes are stabilizing ahead of SK Hynix's listing on Nasdaq, amid expectations that the offering will be the second-largest share sale in the world after SpaceX's debut. The company raised approximately $26.5 billion by selling American depositary receipts (ADRs) at a price of $149. It is anticipated that the ADRs will open at around $176.01, representing an 18% increase over the offering price, reflecting strong investor demand. The semiconductor manufacturing sector is among the biggest beneficiaries of the upward wave driven by artificial intelligence, despite stock volatility and forecasts of high profits for leading market indicators.

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