Global Market: South Korean Shares Surge 6% as SK Hynix Earnings Fuel AI Chip Rally
SK hynix reported a 631% jump in third-quarter operating profit and added 60 trillion won in shareholder returns.
- South Korean stocks opened sharply higher Wednesday, tracking overnight gains on Wall Street, as the Korea Composite Stock Price Index rose 3.26 percent to 5,822.07.
- Before the opening bell, the world's second-largest memory chip maker reported a 631 percent operating profit spike and 327.9 percent sales surge on robust demand for AI-related semiconductors.
- Samsung Electronics advanced 4.5 percent and Samsung Electro-Mechanics climbed 4.5 percent, while the Philadelphia Semiconductor Index jumped 3.6 percent, as market heavyweights rose across the board.
- Square surged 4.59 percent after the chip maker announced an additional 60 trillion won in shareholder returns, lifting investor sentiment across the sector.
- Investors remain cautious ahead of the Federal Reserve's rate decision early Thursday, awaiting signals on the future path of U.S. interest rates.
15 Articles
15 Articles
Globes presents its first update on the state of markets around the world • And this morning: The Seoul Stock Exchange jumps by over 6%, after chipmaker SK Hynix published particularly strong financial results • The shekel weakened against the dollar by more than 1%, while the true results of the elections continue to flow in • Oil prices climb, a mixed trend in New York contracts • Also: Wall Street marks Broadcom as the main beneficiary of Ant…
The Economic Times
Times of IndiaGlobal Market: South Korean shares surge 6% as SK Hynix earnings fuel AI chip rally
South Korean shares surged nearly 6% on Wednesday, driven by SK Hynix and Samsung Electronics following strong earnings and optimism over AI-driven memory chip demand. SK Hynix reported a seven-fold profit increase, while foreign investors bought shares worth $444 million. The rally reflected broader global enthusiasm for artificial intelligence investments.
The stock market opened higher on the 28th, driven by continued anticipation for U.S.-based Antropical's IPO and the success of Meta's rights offering. This is interpreted as a recovery in investor sentiment toward the artificial intelligence (AI) value chain. SK Hynix's announcement of a large-scale shareholder return policy prior to the start of regular trading also stimulated investor sentiment. The KOSPI index rose 125.51 points (2.23%) from…
(Seoul = Yonhap News) Reporter Kwak Yun-ah = The KOSPI index rose more than 3% in early trading on the 28th, attempting to settle in the 5,800 range.
Seoul stocks open sharply higher on revived AI optimism, SK hynix earnings
Korean stocks opened sharply higher Wednesday, tracking overnight gains on Wall Street, as strong artificial intelligence (AI)-driven semiconductor earnings lifted investor sentiment ahead of the Federal Reserve's interest rate decision. The benchmark Korea Composite Stock Price Index (KOSPI) rose 183.73 points, or 3.26 percent, to 5,822.07 as of 9:15 a.m., extending its rally after surging more than 3 percent in the previous session. Overnight,…
South Korea's SK Hynix technology company's stock market in Seoul has increased by more than 11% since the publication of the quarterly financial report, ~ 28.10.2026, PRIM
Coverage Details
Bias Distribution
- 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
