
The KOSPI rose 13.1% to 6,330.59, led by Samsung and SK hynix, as Microsoft's strong results eased AI spending fears
Seoul shares jump 13% on US tech rally after Microsoft earnings
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Summary
In early Asian trading, the KOSPI rose 13.1% to 6,330.59. Multinational investment holding company and OpenAI-investor SoftBank Group jumped 15.1%, while chip equipment maker Tokyo Electron rose 9.2%. Overnight, Wall Street closed higher as Microsoft jumped a record 15 percent after exceeding expectations for current-quarter sales and cloud growth in its second-quarter report, easing fears about massive spending on artificial intelligence infrastructure.
Furthermore, Market bellwether Samsung Electronics surged 20.77 percent and its chipmaking rival SK hynix skyrocketed 22.69 percent.
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In early Asian trading, the KOSPI rose 13.1% to 6,330.59.
according to The IndependentMultinational investment holding company and OpenAI-investor SoftBank Group jumped 15.1%, while chip equipment maker Tokyo Electron rose 9.2%.
according to The IndependentOvernight, Wall Street closed higher as Microsoft jumped a record 15 percent after exceeding expectations for current-quarter sales and cloud growth in its second-quarter report, easing fears about massive spending on artificial intelligence infrastructure.
according to The Korea HeraldMarket bellwether Samsung Electronics surged 20.77 percent and its chipmaking rival SK hynix skyrocketed 22.69 percent.
according to The Korea Herald
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