{
  "id": 16845838,
  "title": "Asian tech stocks surge as SK hynix profit jumps 632pc on AI chip boom",
  "url": "https://urgent.news/2026/10/28/asian-tech-stocks-surge-as-sk-hynix-profit-jumps-632pc-on-ai-chip-boom",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-28T04:10:54.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/money/2026/10/28/asian-tech-stocks-surge-as-sk-hynix-profit-jumps-632pc-on-ai-chip-boom/240920"
  },
  "original_language": "en",
  "account": "Asian technology stocks experienced a significant surge on Wednesday following the impressive profit jump from SK hynix, a leading chip company. The earnings report from SK hynix, which revealed a staggering 632% increase in third-quarter operating profit to US$62.8 billion, helped boost optimism in the AI trade. This positive sentiment came just before Wall Street's major players, Microsoft and Alphabet, were expected to release their results.\n\nThe AI sector has been buoyed by recent revenue growth figures from Anthropic, the parent company of Claude AI. In its IPO filing, Anthropic reported a remarkable first-half revenue surge of about 1,300%, highlighting heavy capital spending on future infrastructure investments. This development has further reinforced the long-term potential of the AI supply chain.\n\nFollowing Anthropic's announcement, SK hynix's stock price skyrocketed by nearly nine percent. South Korean rival Samsung, which is set to report earnings on Thursday, also saw a gain of more than eight percent. This surge pushed Seoul's Kospi index higher by more than six percent.\n\nThe positive momentum extended to Japan's Nikkei 225, which climbed over one percent. Japan's chipmaker Kioxia witnessed a surge of more than 10 percent, while Advantest and Tokyo Electron also experienced gains of three percent and four percent, respectively.\n\nTaiwan's TSMC, a key player in the global semiconductor industry, delivered a strong performance that contributed to Taipei's sharp rise. The gains were mirrored across other Asian markets, with Hong Kong, Shanghai, Sydney, Singapore, and Wellington markets experiencing significant upward movements.\n\nThe optimism surrounding the tech sector was fueled by anticipation of earnings reports from Microsoft, Alphabet, and Amazon later in the day. Additionally, traders were awaiting the Federal Reserve's policy decision from Wednesday, which is expected to remain steady after last month's hike. However, any insights from Federal Reserve Chairman Kevin Warsh's post-meeting statement would be closely monitored for clues about future monetary policy changes.",
  "summary": "HONG KONG, Oct 28 — Technology firms surged across Asia on Wednesday after blockbuster earnings from chip giant SK...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}