MediumPositive
Announced Thu, 25 Jun · 08:54 IST

South Korea's Kospi surges 6% as chip stocks rebound. Here are two major triggers

Price reaction · full curve

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AI summary

South Korea's Kospi surged about 6 percent, forcing a brief trading halt, as chip stocks rebounded sharply. SK Hynix jumped over 10 percent after unveiling plans to raise 29.4 billion dollars through a US stock market listing, while Samsung Electronics rallied over 5 percent following Micron's strong earnings beat. The rally was further fuelled by Micron's quarterly revenue of 41.46 billion dollars and adjusted EPS of 25.11 dollars, both comfortably above Wall Street expectations, reinforcing AI-driven optimism in the semiconductor sector.