SK Hynix shares surged nearly 13% on Wednesday on the Korean exchange, rebounding from sharp losses earlier this week, as a rebound in U.S. technology stocks and hopes for strong AI memory demand lifted South Korean semiconductor shares. The gains followed softer-than-expected U.S. inflation data, which fueled expectations for lower interest rates and lifted AI-related technology stocks on Wall Street. Sentiment was also helped by SK Hynix CEO Kwak Noh-jung's comments a few days back, citing that the AI boom could trigger the industry's worst-ever memory chip shortage in 2027, with demand expected to exceed production capacity well into the next decade. Samsung Electronics rose nearly 8%, while Hanmi Semiconductor jumped about 25% alongside SK Hynix.
SK Hynix Inc
Hanmi Semicon
Samsung Electronics Co Ltd
Hanmi Financial Corporation