SK Hynix surged nearly 13% and Samsung gained 8% as South Korea's KOSPI rallied 6.24%, signaling renewed confidence in AI memory chip demand.

South Korea’s Kospi index has jumped more than 16% as artificial intelligence-related stocks bounced back after losses this week.

South Korea's chip heavyweights SK Hynix and Samsung Electronics soared more than 20% on Friday, tracking a sharp rally in U.S. technology stocks.