Global Market: Kospi Extends Winning Streak to Four Sessions as Samsung, SK Hynix Rally
8 Articles
8 Articles
Global Market: Kospi extends winning streak to four sessions as Samsung, SK Hynix rally
South Korean stocks surged nearly 2%, with the Kospi reaching a three-week high, driven by semiconductor gains as concerns over AI investment demand eased. Samsung Electronics and SK Hynix rallied, while broader markets remained mixed. Foreign investors bought shares, the won strengthened, and second-quarter economic growth held steady at 0.6%.
Global Market: South Korean stocks surge nearly 3% as AI chip optimism lifts Samsung, SK Hynix
South Korean shares surged nearly 3% on Monday, led by Samsung Electronics and SK Hynix, as optimism over sustained AI investment and strong semiconductor demand lifted investor sentiment. Strong exports and a firmer won also supported the broader market, with foreign investors turning net buyers of South Korean equities.
The KOSPI surpassed the 6,900 mark, driven by strong performance in the U.S. AI semiconductor market and the rise of domestic large-cap stocks such as Samsung Electronics and SK Hynix. Despite robust U.S. employment figures, the domestic stock market rebounded due to low inflation concerns. However, the upcoming U.S. August CPI and earnings reports from technology companies are expected to act as key variables determining future market trends.
Samsung and SK Hynix Lead Asian Stock Surge as AI Drives Memory Chip Demand
TLDR South Korea’s Kospi index closed 4.6% higher on Monday, led by Samsung and SK Hynix Samsung shares rose 5.7% and SK Hynix jumped 8.3% on AI-driven chip demand Global DRAM market revenue hit $154.73 billion in Q2 2026, up 59.5% quarter-on-quarter Samsung and SK Hynix together hold about 64% of...
The leading stock markets in Asia showed mixed performance on Monday morning. The happiest was in South Korea, where chip giants SK Hynix and Samsung Electronics are rising.
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