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Explained: Why South Korea's Kospi jumped 7% despite escalating Middle East tensions
South Korea's benchmark Kospi surged 7% on Wednesday, extending its rally for a second session as softer-than-expected US inflation data and Wall Street gains boosted risk appetite. Optimism over AI memory demand also lifted semiconductor stocks, with Samsung Electronics rising 8%, SK Hynix gaining over 13%, Hanmi Semiconductor soaring 25%, and SK Hynix ADRs jumping more than 27% overnight.
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economictimes.indiatimes.com
Korea’s Kospi crashes 6%, nosediving 25% from June peak. What’s rattling investors today?
South Korea's benchmark Kospi index plunged 6% on Monday as rising tensions in the Gulf and soaring oil prices rattled global markets. The selloff, led by sharp declines in…
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channelnewsasia.com
SK Hynix shares surge 13% on AI hopes as US tech stocks resume their climb
SEOUL, July 15 : Shares in SK Hynix jumped nearly 13 per cent in Seoul on Wednesday, tracking gains in U.S. tech stocks after softer-than-expected U.S. inflation data, while…
