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SK Hynix and Samsung shares surge over 20% as AI rally roars back

Summary by Ground News
South Korea’s chip heavyweights SK Hynix and Samsung Electronics soared more than 20% in Seoul on Friday, tracking a sharp rally in U.S. technology stocks after blockbuster earnings from Amazon and Microsoft revived optimism around artificial intelligence spending.

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SK Hynix surged to the daily price limit during trading on the 31st. Amidst significant declines during the recent stock market crash, the stock price rebounded sharply as strength in U.S. semiconductor stocks coincided with foreign buying. According to the Korea Exchange, SK Hynix touched the upper limit at 2:10 PM on that day, rising 29.95% from the previous trading day to 1,718,000 won. Following strong earnings from Microsoft (MS) and... in …

The recent Tech Rally gives strong momentum to the South Korea Stock Exchange: Samsung and SK Hynix are growing strongly, and trading has to be suspended for a short time. South Korea's stock market is experiencing a massive upswing thanks to the returning Tech Rally. Thus, the Kospi leading index rose by just under 16 percent up to one hour after the start of trading. South Korea's leading chip producers Samsung Electronics and SK Hynix, two ma…

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Business Times broke the news in Singapore, Singapore on Thursday, July 30, 2026.
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