SK Hynix IncMicrosoft's strong earnings and cloud growth signal robust AI demand for memory chips, boosting SK hynix.
South Korea's composite stock index closed up 1,001.89 points, or 17.91%, at 6,595.45, marking the strongest single-day surge in history and shattering the previous record of an 11.95% jump on October 30, 2008. The rally was fueled by strength in semiconductor stocks after Microsoft reported better-than-expected second-quarter 2026 earnings, with both sales and cloud computing growth exceeding forecasts. Samsung Electronics soared 26.81%, SK hynix surged 29.95%, Hanmi Semiconductor jumped 27.98%, and SK Square climbed 29.91%. Automaker and shipbuilder stocks also posted strong gains, with Hyundai Motor up 10.54% and HD Hyundai Heavy Industries rising 7.37%.
SK Hynix IncMicrosoft's strong earnings and cloud growth signal robust AI demand for memory chips, boosting SK hynix.
Hanmi SemiconSemiconductor strength from Microsoft's results lifts Hanmi Semiconductor.
Samsung Electronics Co LtdMicrosoft's earnings beat boosts semiconductor sector, driving Samsung's surge.
SK Square Co LtdSK Square surged 29.91% as semiconductor strength driven by Microsoft's strong earnings boosted chip demand.
Hyundai Motor Co. Ltd.Broad market rally lifts automaker stocks, but no company-specific driver mentioned.
Hyundai Heavy Industries Co LtdBroad market rally lifts shipbuilder stocks, but no company-specific driver mentioned.