South Korean shares surge after chip stock rout
Summary
South Korean stock prices rose sharply on Friday, recovering some losses from earlier this week. The gain was led by major chip makers SK Hynix and Samsung Electronics, helped by positive reports from US tech companies about investments in artificial intelligence (AI) and new rules from South Korean regulators to slow the recent sell-off.Key Facts
- South Korea’s main stock index, Kospi, rose nearly 17% in afternoon trading on Friday.
- Chip companies SK Hynix and Samsung Electronics saw big share price increases of over 17% and 23%, respectively.
- The rise followed earnings reports from Amazon and Microsoft that boosted confidence in AI investments.
- Earlier in the week, both SK Hynix and Samsung shares had dropped amid a sell-off in AI-related stocks.
- South Korean regulators introduced measures to limit the recent sharp declines in the market.
- The Kospi market has experienced several trading halts this year due to a circuit breaker system that pauses trading to stop panic selling.
- Despite recent drops, the Kospi index is still 50% higher than at the end of 2025.
- Chip stock gains in South Korea also helped lift markets in Japan and Taiwan on Friday.
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