Samsung and SK Hynix shares climb
The shares of South Korean electronics chip manufacturing companies continued their strong upward trend, driven by renewed investor trading activity and reports indicating that the Singapore sovereign wealth fund has approved direct investment in the sector. Samsung and SK Hynix saw immediate gains of over 8%, boosting the KOSPI index by around 5%. This comes after a wave of decline in semiconductor stocks last July due to concerns over rapid expansion in AI infrastructure, with investors currently focused on corporate policies to boost returns through dividends and share buybacks. Timasik Holdings' investment marks its first in the Korean market, as the company views memory chips as still undervalued relative to their true worth, supporting expectations of a sector boom amid new investment trends.
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