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Korean chip shares rise on Micron data
South Korean semiconductor companies continue their upward momentum amid improved quarterly results and optimistic demand forecasts for AI chips. SK Hynix's stock jumped by 11.6% as the company prepares to list its shares on the U.S. market, while Samsung Electronics' stock rose by 6.2%. The KOSPI index increased by 5.2%, with more than half of its market value concentrated in these two firms, following positive results from Micron and expectations of sustained strong demand for memory chips.
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