Kospi Jumps 7% as SK Hynix Results Lift AI Stocks
Edited by Steinar Vigdel Kolnes, Editor, Oslo
South Korea’s Kospi climbed 7% as SK Hynix’s sevenfold profit increase helped drive a recovery in AI-related shares.
South Korea’s Kospi index rose 7%, with domestic chipmakers leading a wider rebound in artificial intelligence-related stocks, CoinDesk reported.
The recovery followed earnings from SK Hynix showing profit had risen sevenfold, putting the chipmaker at the center of the sector’s gains.
SK Hynix also announced an additional $45 billion in shareholder returns alongside the profit increase.
Source: CoinDesk
