Australia's S&P/ASX 200 closed down 11.1 points, or 0.13%, at 8,797.40 on Tuesday, July 14.

Morningstar equity analyst Jing Jie Yu said the firm maintains a fair value estimate of $160 per SK Hynix ADR, judging the valuation reasonable after assessing long-term cyclical risk. SK Hynix plans to use about 40 trillion won from the listing for future wafer‑fab investment, but Morningstar says the move is mainly aimed at boosting valuation rather than meeting urgent financing needs. Korean memory peers’ valuation multiples have long trailed US rivals and SK Hynix’s existing cash is expected to cover investment needs; Morningstar projects EBITDA of 317 trillion won in 2026 and 474 trillion won in 2027, well above the planned raise. Morningstar therefore views the fundraising as largely symbolic with limited incremental capacity funding, and keeps a “very high uncertainty” rating, warning SK Hynix ADR and Korea-listed shares may remain highly volatile.

Intel (INTC.O) will invest €5 billion ($5.7 billion) to expand its Leixlip campus near Dublin, increasing capacity for data‑center processors, including flagship Xeon server CPUs, and boosting R&D. The company said the expansion is part of plans to raise data‑center processor output and, Executive VP Naga Chandrasekaran said, to improve delivery for foundry customers as it seeks to bolster its foundry business. Intel framed the investment as an effort to regain manufacturing leadership amid the AI boom and to strengthen competition with TSMC.