SK Hynix stock jumps 8%, Samsung 4%: what is driving Korea's chip rebound?

South Korea’s semiconductor trade rebounded as Wall Street coverage and a rush to unwind bearish positions supported demand for chip stocks. SK Hynix’s US-listed shares jumped 8.2% to $153.38, signaling improving near-term sentiment toward the two largest memory/chipmakers.

Analysis

South Korea’s semiconductor trade rebounded as Wall Street coverage and a rush to unwind bearish positions supported demand for chip stocks. SK Hynix’s US-listed shares jumped 8.2% to $153.38, signaling improving near-term sentiment toward the two largest memory/chipmakers.