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via economictimes.indiatimes.comMarkets

South Korean shares surge about 6% as SK Hynix earnings fuel AI chip rally

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

South Korean shares surged nearly 6% on Wednesday, driven by SK Hynix and Samsung Electronics following strong earnings and optimism over AI-driven memory chip demand. SK Hynix reported a seven-fold profit increase, while foreign investors bought shares worth $444 million. The…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishA sharp rally in Korean shares led by memory chipmakers has implications for the global semiconductor sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01South Korean shares surged nearly 6% on Wednesday.
  2. 02SK Hynix reported a seven-fold profit increase.
  3. 03Foreign investors bought shares worth $444 million.

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