South Korea's KOSPI index plunged 10.8% on July 28 to close at 6,023.66, its steepest single-day drop in nearly five months, as Samsung Electronics and SK Hynix shares fell 13.4%-14.7%, erasing months…
Chinese memory chipmaker CXMT's Shanghai debut, which surged 466% to 3.3 trillion yuan (£365bn), and reports of domestic deep-ultraviolet lithography tools triggered a global AI stock rout, with South…
A global sell-off in AI-linked shares, triggered by the Shanghai debut of Chinese memory chipmaker CXMT and reports that China developed its own deep-ultraviolet lithography tools, sent the Kospi down…
ChangXin Memory Technologies (CXMT), China's top memory chipmaker, raised 57.92 billion yuan (S$11 billion) in its Jul 27 Shanghai IPO, boosting its market valuation to 3.65 trillion yuan and making i…
South Korea's Kospi fell 22.19 percent in July after surging 101.14 percent in the first half, prompting calls for tighter scrutiny of overly bullish brokerage research and stricter margin-lending rul…
South Korean companies and U.S. technology firms announced AI semiconductor cooperation projects valued by Seoul at a reported $950 billion during a July 24 San Francisco summit hosted by President Le…
South Korea's exports surged 62.8% in July to $98.89 billion, beating economist forecasts, driven by a 179% jump in semiconductor exports and a 404% surge in computer exports, according to preliminary…
SK Hynix reported a record second-quarter operating profit of 60.54 trillion won, up 557% year-over-year, with revenue of 79.32 trillion won and an operating margin of about 76%, yet its stock sold of…
Samsung Electronics reported record quarterly revenue of ₩171.5 trillion ($118.7 billion) and operating profit of ₩89.5 trillion ($62 billion) for Q2 2026, up 130% and 1,812.4% year-over-year respecti…
All three major US indices climbed on a semiconductor-fueled rally after South Korea's KOSPI recovered from a dramatic selloff, with chip stocks leading the charge. Samsung Electronics and SK Hynix re…
South Korea's KOSPI index posted its largest single-day gain in history on Friday, jumping 1,001.89 points, or 17.91%, to close at 6,595.45, as SK Hynix surged 29.95% and Samsung Electronics climbed 2…
Apple CEO Tim Cook said on a late Thursday earnings call that the company faces a '100-year flood' in memory chip pricing, with exponential increases, prompting Apple to raise prices by $150 to $300 a…
SK Hynix surged nearly 13% and Samsung Electronics climbed approximately 8% on July 15, lifting the KOSPI index by 6.24% to close at 7,284.41, as renewed optimism around high-bandwidth memory chips fo…
Asia's AI boom, driven by tangible chip demand from U.S. tech giants, is fundamentally different from the dot-com bubble, with TSMC and Samsung Electronics joining the trillion-dollar market cap club.…
Kioxia Holdings issued a disappointing earnings outlook after its June-quarter operating income of ¥1.27 trillion missed analysts' estimates, signaling that the AI-driven surge in flash memory prices …
South Korean stocks surged a record 17.91 percent on Friday, with the KOSPI closing at 6,595.45, as better-than-expected Microsoft earnings eased concerns over AI spending and drove a chip rally. Sams…
South Korea's KOSPI index surged 18% as investors returned to AI-related stocks, led by SK Hynix and Samsung Electronics, which staged strong recoveries after a punishing sell-off earlier in the week,…
Samsung Electronics and SK Hynix, whose revenues make up 80% of the global memory sector, generated a combined operating profit of 150 trillion won (US$104 billion) in the June quarter, driven by AI d…
South Korea's Kospi index rose about 15 percent in three trading days after Microsoft and Amazon reports bolstered confidence in AI investments, led by Samsung Electronics and SK Hynix, which gained a…
South Korea's benchmark KOSPI surged 15 percent on Friday, after jumping as much as 17 percent earlier, following comments from Microsoft and Amazon that they plan to continue spending on AI infrastru…