South Korean chip shares rally after Micron's upbeat earnings

Currency dealers talk in front of an electronic board displaying the exchange rate between the U.S. dollar and South Korean won, the Korea Composite Stock Price Index (KOSPI) and South Korean won and the Korea Securities Dealers Automated Quotations (KOSDAQ) at the dealing room of a bank in Seoul, South Korea, June 8, 2026. REUTERS/Kim Hong-Ji

25 Jun 2026 08:19AM

SEOUL, June 25 : South Korean semiconductor shares rallied on Thursday after U.S. memory chipmaker Micron Technology's quarterly results and forecast topped expectations, boosting optimism over sustained demand for AI-related chips.Shares of SK Hynix and Samsung Electronics rose as much as 11.1 per cent and 5.9 per cent, respectively, in early morning trade, tracking gains in U.S. chip stocks after Micron's earnings reinforced confidence in the memory chip sector.

Source: Reuters