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Illustration of Seoul stock traders reacting to KOSPI surge driven by Micron earnings.
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Seoul stocks surge sharply on Micron earnings

Reported by AI Image generated by AI

The KOSPI index opened sharply higher on June 25, driven by Micron Technology's strong earnings. It rose 5.61 percent to 8,945.95 by 9:15 a.m.

SK hynix Inc. announced plans to raise up to 45.45 trillion won through a stock offering to list its American depositary receipts on the Nasdaq.

Reported by AI

South Korean stocks opened higher Wednesday despite massive sell-offs in US semiconductor shares.

The Japanese semiconductor company Rapidus will sign agreements with public institutions in the United Kingdom and Italy during Prime Minister Sanae Takaichi’s trip to Europe on Saturday.

Reported by AI

South Korea's exports surged 86 percent from a year earlier in the first 10 days of June, reaching a new record high driven by strong semiconductor shipments.

Intel will ship a new graphics processing unit designed for AI inference tasks by the end of this year. The chip uses lower-cost memory and air cooling to undercut rivals Nvidia and AMD.

Reported by AI

Micron Technology posted strong revenue growth in recent quarters driven by AI demand.

 

 

 

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