KOSPI Jumps Nearly 2% Toward 7,000 as Micron Blowout Revives Samsung and SK Hynix, Snapping Losing Streak
4 Articles
4 Articles
On the 1st, the first trading day of October, the KOSPI recovered the 6,900 mark. While a series of positive developments followed, including a surprise earnings announcement by U.S.-based Micron Technology before the market opened and record-high semiconductor exports during the session, the main driver driving the index's rise in terms of supply and demand was buying by other corporations, which included large volumes of treasury share buyback…
(Seoul=Yonhap News) Reporter Hwang Cheol-hwan = Samsung Electronics [005930] and SK hynix [000660] showed growth rates of 1% and 2%, respectively, at the beginning of the 30-day market.
KOSPI Jumps Nearly 2% Toward 7,000 as Micron Blowout Revives Samsung and SK Hynix, Snapping Losing Streak
South Korea's KOSPI rose 1.95% as Micron's stronger-than-expected results boosted semiconductor shares, helping Samsung Electronics and SK Hynix recover despite pressure from global bond yields.
[Digital Daily Reporter Kang Ki-hoon] As Samsung Electronics and SK Hynix rebound on the 30th, market attention is turning to the earnings of U.S.-based Micron Technology. If Micron confirms rising memory prices and sustained demand for artificial intelligence (AI) data centers, it is expected to give momentum to a further rebound in domestic semiconductor stocks, which have recently wavered. According to the Korea Exchange on the 30th, as of 1…
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