7709.HK is trading at HK$30.28 (+7.76%) following reports that SK Hynix restarted construction of its second Dalian NAND fab.
- The expansion could potentially increase local capacity by approximately 50%; equipment installation may begin in November 2026, with production targeted for the first half of 2027.
- The announcement reinforces expectations of sustained AI-data-center and enterprise-SSD demand, supporting broader memory-chip stocks.
- The move also appears to retrace part of the recent selloff and profit-taking pressure.