Global Market: South Korean Shares Surge as Samsung, SK Hynix Rally on AI Optimism

Global Market: South Korean shares surge as Samsung, SK Hynix rally on AI optimism

South Korean shares rose sharply on Wednesday, led by Samsung Electronics and SK Hynix as optimism over artificial intelligence supported semiconductor stocks. The KOSPI gained 1.44%, while the won strengthened against the US dollar and Korean government bond yields edged lower. Foreign investors, however, remained net sellers of South Korean equities.

SK Hynix, South Korea’s Kospi jump as Asian chip stocks gain, crude rises

The MSCI Asia-Pacific Index of shares advances 0.4% Read more at The Business Times.

Samsung, SK Hynix send KOSPI above 7,100 as Nikkei buckles under yen pressure

Japan’s Nikkei 225 struggled for direction on Tuesday while South Korea’s KOSPI pushed higher, highlighting a widening split between two of Asia’s biggest technology-heavy markets. The Nikkei swung around the flat line as a rapidly strengthening yen weighed on exporters and revived expectations for a Bank of Japan rate increase. In Seoul, the KOSPI extended Monday’s sharp rally, climbing 1.82% to 7,122.93 by late morning as Samsung Electronics a…

Samsung, SK Hynix Lead Kospi Higher as Wall Street Faces Tough Opening After Labor Day

Samsung Electronics and SK Hynix climbed alongside a broader South Korean rally Tuesday, even as futures pointed toward a weaker Wall Street open following the Labor Day Weekend. Wall Street reopens Tuesday after the holiday to a tougher macro backdrop. Last week, the 10-year Treasury yield climbed...