South Korean Stocks Turn Into Meme Trades as KOSPI Soars 18% in a Single Day
South Korea’s stock market staged one of its biggest one-day rallies on record, with the KOSPI jumping 18% as Samsung and SK Hynix surged more than 20%.
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South Korea’s stock market staged one of its biggest one-day rallies on record, with the KOSPI jumping 18% as Samsung and SK Hynix surged more than 20%.
Samsung reported the most profitable quarter in its history as booming demand for AI memory chips drove operating profit up 1,800% year over year, while revenue more than doubled.
A global selloff in AI chip stocks spread to Asia as investors questioned future memory demand and the sustainability of AI infrastructure spending.
South Korea plans to channel tax revenue generated by the AI boom into a new Future Adaptation Fund supporting education, technology, regional development, and young people.
Samsung’s operating profit jumped 19-fold in the second quarter as surging AI chip demand fueled one of the strongest earnings recoveries in the company’s history.
South Korea’s stock market fell sharply as investors sold AI chipmakers despite Samsung reporting record quarterly operating profit driven by strong demand for AI memory.
South Korea’s KOSPI index plunged nearly 10%, erasing more than ₩800 trillion in market value and triggering trading halts.
SK Hynix has surpassed Samsung Electronics to become South Korea’s most valuable public company as demand for AI memory chips continues to fuel explosive growth.
Samsung will pay $26.6 billion in bonuses to semiconductor employees as AI-driven chip demand fuels record profits.
Samsung affiliates acquired a $408 million stake in Upbit operator Dunamu as institutional interest in crypto infrastructure grows.
Asian stock markets suffered a sharp selloff as Taiwan, South Korea, and Japan erased more than $300 billion in combined market value during a broad regional decline.
South Korea became the second country after the United States to have more than one public company valued above $1 trillion, led by Samsung and SK Hynix.
South Korea’s KOSPI surged to a record high after gaining roughly $220 billion in market value, driven by sharp rallies in Samsung and SK Hynix shares.
Samsung’s market capitalization surpassed $1.2 trillion as AI-driven semiconductor demand boosted investor sentiment.
Transcend has suspended SSD manufacturing after losing access to NAND chips from Samsung and SanDisk, leaving the company without supply for months and signaling deeper strain in the consumer storage market.