Kospi surges 7% as SK Hynix earnings fuel AI stock rebound
Summary
South Korean equities jumped as chipmaker stocks rebounded following strong financial results. SK Hynix reported a sharp increase in profits and revealed plans for substantial shareholder returns, driving renewed momentum in the artificial intelligence sector.
South Korean chipmakers led a broader AI recovery after SK Hynix reported a sevenfold profit surge and announced another $45 billion in shareholder returns.
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