Q 99 · Excellent

Korean stocks rise 22% in 10 days as chip rally regains steam

Korean stock markets experienced a significant surge, with the benchmark Kospi index climbing approximately 22% over a ten-day period. This rally was predominantly driven by a renewed investor confidence in the semiconductor sector. Heavyweight memory chip manufacturers, including Samsung Electronics Co. and SK Hynix Inc., led the advance with substantial individual gains.

Key points
  • Korean stock markets experienced a significant surge, with the benchmark Kospi index climbing approximately 22% over a ten-day period.
The Times of IndiaAug 13, 20266 min read