SEOUL, July 15 (Reuters) - Shares in SK Hynix 000660.KS jumped more than 11.8% in morning trade in Seoul on Wednesday, tracking overnight gains in U.S. technology stocks after softer-than-expected U.S. inflation data, while also drawing support from Barclays' initiation of research coverage.

Barclays placed an "overweight" rating and a $330-a-share price target on the company's newly listed American Depositary Receipts (ADRs) SKHY.O, which surged nearly 28% to $193.92 on Nasdaq on Tuesday.

The benchmark KOSPI .KS11 was trading up 6.9% as of 0023 GMT on Wednesday.