SK Telecom is trading 4.3% up at $31.95, bouncing back after last week’s sharp drop tied to the Bank of Korea’s surprise rate hike and a broader KOSPI plunge.
- The move appears to be a relief rally as investors return to Korean telecom and AI-linked names following the recent risk-off shock in Seoul.
- The recovery is driven by broader market sentiment rather than any new company-specific catalysts.