SK hynix eases AI peak fears, pushing KOSPI above 6,000
KOSPI rebounded above the 6,000 mark Wednesday, as SK hynix eased fears that the artificial intelligence (AI) boom is nearing its peak with a forecast of semiconductor shortages through 2030, record earnings and a sweeping shareholder return plan. KOSPI closed at 6,012.44, up 6.63 percent, led by chip heavyweights. The benchmark index opened 2.33 percent higher, triggering a buy-side sidecar at…
The KOSPI index surpassed the 6,000 mark on Wednesday, buoyed by SK hynix's announcement that the AI boom is not nearing its peak and that semiconductor shortages will continue through 2030. The chipmaker's forecast of record earnings and a sweeping shareholder return plan also contributed to the market's optimism. SK hynix's stock rose 10.89 percent to close at 1,487,000 won, while Samsung Electronics climbed 9.01 percent to 242,000 won.
Foreign and institutional investors were net buyers of shares, while retail investors were net sellers.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- SK hynix eases AI peak fears, pushing KOSPI above 6,000 koreatimes.co.kr
