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Kospi Surges 6.6% on Strong SK Hynix Earnings and Shareholder Payout
South Korea's Kospi index surged 6.6% on Wednesday, led by strong earnings reports from South Korean chipmakers, including SK Hynix. SK Hynix reported a sevenfold profit surge and announced another $45 billion in shareholder returns, driving investor interest in artificial intelligence (AI) stocks. The gains extend to U.S. premarket trading, where Micron Technology and SanDisk both gained 4%. The recovery in the AI sector follows weeks of pressure as investors questioned the AI infrastructure buildout.