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South Korea stocks surge 5% to record high as chipmakers power AI rally

International
Published on 4 May 2026
South Korea stocks surge 5% to record high as chipmakers power AI rally

Samsung and SK Hynix hit record highs

South Korean shares jumped more than 5% to a record close as chipmakers led the charge. Optimism around AI demand and strong U.S. tech earnings boosted sentiment, while data pointing to expanding factory activity and rising exports supported the rally. Samsung Electronics and SK Hynix both reached record highs, underscoring how semiconductor momentum is driving markets.

  • South Korean shares rose over 5% to a record close
  • Chipmakers rallied on AI optimism and strong U.S. tech earnings
  • Samsung Electronics and SK Hynix hit record highs
  • Factory activity and export growth signaled sustained semiconductor demand
Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic TimesThe Economic Times

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