SK Hynix Shares Rally 12% After US Tech Firms Signal Strong Spending on AI Data Centers
Semiconductor shares led the gain as Samsung Electronics rose 3.85% and SK hynix climbed 9.33%, while the won strengthened against the dollar.
- On Monday, May 4, 2026, the Korea Composite Stock Price Index reached an all-time intraday high of 6,858.99, extending gains by 3.94 percent during morning trading in Seoul.
- President Donald Trump's announcement regarding safe passage through the Strait of Hormuz boosted market sentiment, though signals on Middle East peace talks with Iran remain patchy.
- Semiconductor stocks drove the gains, with Top-cap Samsung Electronics jumping 3.85 percent, Hanmi Semiconductor rising 3.12 percent, and Samsung Electro-Mechanics vaulting 7.33 percent.
- Trump said he would probably reject the Iranian proposal because "they have not paid a big enough price," while Tehran warned U.S. interference in the Strait would breach a ceasefire.
- Broader market strength extended to other sectors, as Kia advanced 2.44 percent and leading mobile carrier Telecom increased 1.79 percent; The Korean won traded at 1,472.85 against the U.S. dollar, up 10.05 won.
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PressNewsAgencySK Hynix shares rally 12% after US tech firms signal strong spending on AI data centers
SEOUL, May 4 : Shares of SK Hynix extended gains to 12 per cent on Monday, driven by foreign buying, after big U.S. tech firms last week reported robust earnings and reaffirmed their investment plans for artificial intelligence data centers. SK Hynix outperformed bigger rival Samsung Electronics, which has be
Seoul shares up nearly 4% late Monday morning on chip rally
Korean stocks traded nearly 4 percent higher to hit a fresh intraday high late Monday morning, driven by strong chip advance amid patchy signals on peace talks from the Middle East. Opening 2.79 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) extended gains, adding 260.12 points, or 3.94 percent, to an all-time intraday high of 6,858.99 as of 11:20 a.m. The stock market pulled off a strong start following U.S. President D…
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Seoul shares open at fresh record high on eased Middle East tensions
Seoul, May 4 (SocialNews.XYZ) South Korean stocks opened at a fresh high of over 6,700 on Monday as US President Donald Trump announced plans to free ships stranded in the Strait of Hormuz, while Washington and Tehran exchanged their proposals for peace talks. After opening at a fresh record high of 6,782.93, or 2.79 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) added 157.3 points, or 2.38 percent, to 6,756.17 as of 9:1…
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