US EditionS.Korean Shares Close at 3-1/2-Year High on AI Rally; SK Hynix Hits Record High
- On Monday, South Korean stocks reached their strongest performance in over three years, driven by an AI-led surge that pushed SK Hynix shares to heights not seen in more than twenty years.
- The rally followed SK Hynix overtaking Samsung in the DRAM market with a 36% global share amid strengthened earnings outlook and AI-related demand growth.
- SK Group, SK Hynix's parent company, plans to build South Korea's largest AI data center in Ulsan in partnership with Amazon Web Services, supporting the AI surge.
- Counterpoint Research highlighted SK Hynix’s firm dominance in high bandwidth memory with 70% of market revenue share, while Samsung’s market cap slid to a nine-year low of $252 billion.
- The event suggests a market shift favoring AI-focused semiconductor firms, with authorities monitoring volatility and Samsung working on technology progress amid ongoing competition.
14 Articles
14 Articles
Crews reopening DC streets, checking for damage 2 days after military parade
Shares in South Korea’s SK Hynix extended gains to hit a more than 2-decade high on Tuesday. The company’s parent, SK Group, reportedly plans to build the AI data center in partnership with Amazon Web Services in Ulsan. SK Hynix shares have surged almost 50% so far this year on the back of an AI boom. Shares in South Korea’s SK Hynix extended gains to hit a more than 2-decade high on Tuesday, following reports over the weekend that SK Group plan…
(Seoul = Yonhap News) Reporter Jo Min-jeong = SK Hynix rose over 5% on the 16th, closing at its highest price ever.
South Korean shares climb as tech rally revives on AI, crypto optimism
KOSPI rises, foreigners net buyers Korean won strengthens against dollar South Korea benchmark bond yield steady SEOUL, – Round-up of South Korean financial markets: ** South Korean shares rose on Wednesday, led by a renewed rally across tech firms amid policy optimism over artificial intelligence and cryptocurrencies, while broader market sentiment was on geopolitical tensions in the Middle East. ** The benchmark KOSPI was up 20.55 points,…
Coverage Details
Bias Distribution
- 57% of the sources are Center
To view factuality data please Upgrade to Premium
