Korean AI Optimism Sparks Record Stock Rally Led by Hynix and Samsung
TL;DR
South Korea’s Kospi jumped as much as 14%, its biggest intraday gain on record, as renewed AI optimism lifted tech stocks. SK Hynix surged up to 28% and Samsung Electronics about 26%, aided by Chey Tae-won’s rare open-market purchase of SK Hynix shares, following a prior selloff tied to debt concerns and competition fears in AI-related equities.
- Korean Stocks Jump Record 14% on Renewed AI Trade Optimism Yahoo Finance
- South Korea’s Kospi index jumps nearly 18% on a surge in chipmaking stocks AP News
- South Korean stock market soars 18% as investors pile back into AI Financial Times
- Korean Stocks Jump Record 15% on Renewed AI Trade Optimism Bloomberg.com
- South Korean shares soar after chip stock rout BBC
Want the full story? Read the original reporting
Read on Yahoo Finance