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.
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.
SK Hynix raised $26.5 billion in the largest U.S. IPO ever by a foreign company as surging AI memory demand fueled overwhelming investor interest.
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.
South Korea halted trading after the KOSPI fell 8.4%, triggering an automatic circuit breaker.
Samsung affiliates acquired a $408 million stake in Upbit operator Dunamu as institutional interest in crypto infrastructure grows.
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.
SK Hynix officially joined the $1 trillion market cap club after shares surged 11%, fueled by record earnings and booming demand for AI memory chips used in Nvidia systems.
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.
LG Group companies are gaining investor attention as optimism around the conglomerate’s robotics strategy boosts expectations for long-term growth in automation and AI technologies.
South Korea’s Kospi fell 6% as investors sold AI-related technology stocks after the index briefly crossed 8,000.
South Korea’s KOSPI index surged 37% in just 34 days to a record high, driven by booming global demand for AI semiconductors. The rally added roughly $1 trillion in market value.