BUSINESSWPLG LOCAL 10 MIAMI
South Korea’s Kospi index jumps more than 13% on a surge of chipmaking stocks
South Korea’s Kospi index surged 13.1% driven by AI-related stock rebounds, with Samsung Electronics and SK Hynix rising 19.3% and 22.6% respectively. The index had previously dropped over 16% due to AI bubble concerns and competition from Chinese chipmakers. Tokyo’s Nikkei 225 also rose 4.9%, with SoftBank Group and Tokyo Electron gaining 15.1% and 9.2%.
Mentioned
Related Signal
Adjacent reporting
- South Korea’s Kospi index jumps more than 13% on a surge of chipmaking stocks
- South Korea’s Kospi index jumps more than 16% on a surge of chipmaking stocks
- South Korea’s Kospi index jumps more than 15% on a surge of chipmaking stocks
- South Korea’s Kospi index jumps more than 15% on a surge of chipmaking stocks
- South Korea’s Kospi index jumps more than 13%, tracking Wall Street gains, on a surge of chipmaking stocks
- South Korea’s Kospi index sinks more than 10% on heavy selling of chipmaking stocks