South Korean chip shares rally after Micron's upbeat earnings
· CNA · JoinRead a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST Tap here to return to FAST
FAST
SEOUL, June 25 : South Korean semiconductor shares rallied on Thursday after U.S. memory chipmaker Micron Technology's quarterly results and forecast topped expectations, boosting optimism over sustained demand for AI-related chips.
Shares of SK Hynix and Samsung Electronics rose as much as 11.1 per cent and 5.9 per cent, respectively, in early morning trade, tracking gains in U.S. chip stocks after Micron's earnings reinforced confidence in the memory chip sector.
Newsletter
Week in Review
Subscribe to our Chief Editor’s Week in Review
Our chief editor shares analysis and picks of the week's biggest news every Saturday.
Sign up for our newsletters
Get our pick of top stories and thought-provoking articles in your inbox
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app