{
  "id": 16853674,
  "title": "South Korean shares rally 6% as SK Hynix beats forecasts",
  "url": "https://urgent.news/2026/10/28/south-korean-shares-rally-6-as-sk-hynix-beats-forecasts",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-28T05:39:51.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40446292/south-korean-shares-rally-6-as-sk-hynix-beats-forecasts"
  },
  "original_language": "en",
  "account": "South Korean shares surged 6% on Wednesday, with chipmakers leading the rally after SK Hynix reported better-than-expected third-quarter profits and forecast continued strong demand. The KOSPI index climbed 337.64 points, or 5.99%, to 5,975.98 as of 0140 GMT, marking the largest daily percentage increase since July 31.\n\nThe tech rally driven by AI fueled a higher close for US stocks on Tuesday as the third-quarter reporting season progressed. The Federal Reserve convened for its final meeting before year-end. SK Hynix's shares rose 8.20% following the announcement of shareholder returns of approximately $75 billion and a more than sevenfold increase in quarterly profit, attributable to the surge in memory chip prices fueled by AI infrastructure.\n\nOther notable index constituents included Samsung Electronics, which gained 8.90%, while LG Energy Solution climbed 1.70%, and Hyundai Motor and Kia Corp, up 3.27% and 1.50%, respectively. POSCO Holdings increased 2.72%, while Samsung BioLogics fell 0.36%.\n\nOf the 913 traded issues, 620 shares advanced, with 257 declining. Foreign investors were net buyers of shares worth $444.24 million. The South Korean won closed at 1,335.7 per dollar, a 0.64% decrease from the previous close of 1,327.2. In money and debt markets, December futures on three-year treasury bonds fell 0.05 point to 103.29, and the three-year yield decreased by 2.2 basis points to 3.776%, while the 10-year yield rose by 2.8 basis points to 4.070%.",
  "summary": "Round-up of South Korean financial markets: South Korean shares rallied 6% on Wednesday, as chipmakers jumped after SK Hynix announced higher-than-expected third-quarter profit and forecast demand to remain robust. The benchmark KOSPI was up 337.64 points, or 5.99%, at 5,975.98 as of 0140 GMT. The index will post its biggest daily percentage rise since July 31, if the trend holds. An AI-fueled…",
  "key_points": [
    "South Korean shares rose 6% on Wednesday, driven by chipmakers",
    "SK Hynix reported better-than-expected Q3 profits and forecast strong demand",
    "KOSPI index climbed 5.99% to 5,975.98, largest daily increase since July 31"
  ],
  "editors_take": "Stronger than expected memory chip profits signal that the artificial intelligence infrastructure boom is translating into massive financial gains for major South Korean technology manufacturers and their shareholders.",
  "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."
}