South Korean chipmaker SK Hynix surged as Wall Street’s tech rebound and optimism over AI memory demand drove semiconductor stocks higher.
SK Hynix shares climbed 13% on the Korean exchange Wednesday, recovering from earlier weekly losses. The gain mirrored a broader rebound in U.S. technology stocks and growing investor confidence in artificial intelligence-driven memory demand for semiconductors.
The rally followed a sharp decline in chip stocks earlier this week, with SK Hynix among the hardest hit. Analysts cited improving sentiment toward the tech sector and expectations for sustained AI-related growth as key drivers.
South Korean semiconductor shares broadly benefited from the shift in market tone, though trading volumes remained moderate amid ongoing macroeconomic uncertainties.