South Korea’s Kospi index jumps more than 13%, tracking Wall Street gains, on a surge of chipmaking stocks

South Korea’s Kospi index jumps more than 13% on a surge of chipmaking stocks

Samsung and SK Hynix jumped 19–22% as Kospi surged 13.1%, erasing Tuesday's 16% drop on AI bubble worries and Chinese competition. The reversal reflects market reset on memory chip valuations, shaping procurement decisions and supply concentration risk for IT leadership.