South Korean Chip Rally Lifts Kospi as SK Hynix Reports Sevenfold Profit Surge
South Korea’s Kospi jumped 6.6% after SK Hynix reported a sevenfold increase in quarterly operating profit and announced $45 billion in additional shareholder returns. Its forecast of memory shortages through at least 2030 helped revive AI-related shares, including Samsung, Micron and SanDisk.