South Korean shares soar after chip stock rout

It comes after a three-day rout that wiped hundreds of billions of dollars off the value of the country's stock market.

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South Korea's chip heavyweights SK Hynix and Samsung Electronics soared more than 20% on Friday, tracking a sharp rally in U.S. technology stocks.

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An apparent communication breakdown between US and South Korean militaries resulted in South Korean troops training their weapons on an American drone launched during a joint exercise and an evacuation alert being triggered near the inter-Korean border. The incident underscored the need for a comprehensive review of the allies’ command-and-control coordination, operational procedures, air defence capabilities and troop training, military experts said. The near-friendly-fire episode is...

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South Korea’s chip giants just logged their biggest rally ever. What it means for the global AI trade.

The Kospi saw its best-ever day on Friday, as the index came roaring back thanks to historical jumps in its big tech names.

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Kospi jumps 18% to post record daily gain

South Korean stocks posted their largest daily gain on record Friday, as a chip-led rebound and massive foreign buying lifted the Kospi by more than 1,000 points. The benchmark Kospi closed at 6,595.45, up 1,001.89 points, or 17.91 percent, marking record daily gains in both point and percentage terms. It opened just 1.15 percent higher at 5,657.79 before rapidly climbing by double digits to reach an intraday high of 6,630.77, up 18.5 percent. A buy-side sidecar was triggered on the Kospi at 9:0

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Samsung and SK Hynix answer AI doubters with big numbers and deals

Market participants want answers to a far bigger question than last quarter's profitability: Is the pace of AI infrastructure spending sustainable?

Volatile South Korean shares soar on renewed semiconductor buying

European shares advance, FTSE 100 hits fresh record high as AI optimism returns

South Korean shares soar after chip stock rout

Share prices jumped in South Korea on Friday, partly reversing a three-day rout that wiped hundreds of billions of dollars off the value of the country's stock market.

By Emmanuel Tetteh