Market Chatter: SK Hynix's US Dollars Acquired by South Korea Stabilization Fund

04:43 AM EDT, 09/02/2026 (MT Newswires) -- South Korea's state-controlled Foreign Exchange Stabilization Fund purchased around $20 billion in US dollars sold by SK Hynix (SKHY) after its $26.5 billion American depositary receipt listing earlier this year, Reuters reported Wednesday, citing a source with direct knowledge of the matter. The purchases were made through over-the-counter transactions as SK Hynix brought proceeds from its US offering back to South Korea, according to the report. The cash is meant to shore up South Korea's foreign currency reserves and strengthen the won, the report said. SK Hynix declined to comment to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)