South Korean ETFs Surge as KOSPI Hits Record High; SK Hynix's iHBM Technology Boosts Shares

Stock News05-26 10:29

South Korean exchange-traded funds (ETFs) are on the rise. As of the latest update, the Samsung Hynix 2x Long (07709) has climbed 13.53% to HK$110.45, the Samsung Electronics 2x Long (07747) has increased 4.54% to HK$159, the South China Korea Technology (03431) has gained 4.86% to HK$11, and the TR Korea (02848) has risen 3.98% to HK$1,931.

On the news front, the KOSPI index in South Korea briefly surpassed 8,100 points on May 26, setting a new all-time high with an intraday surge of over 3%. Among the key stocks, SK Hynix saw a peak increase of over 7%, while Samsung Electronics advanced nearly 3%.

SK Hynix announced on May 26 the launch of its "iHBM" technology. This innovation integrates a unified cooling component called "ICE" within the HBM package, significantly reducing heat generation during product operation. The company plans to apply iHBM technology to next-generation products, including HBM5, to meet the stringent thermal management requirements of high-performance computing (HPC) and AI data centers, which demand ultra-high integration and high bandwidth.

Additionally, Goldman Sachs believes the South Korean stock market has further upside potential, as soaring semiconductor industry profits during the current "memory chip super cycle" are reshaping investment dynamics in Asia. Goldman Sachs strategists recently raised their 12-month target for the KOSPI to 9,000 points, up from a previous target of 8,000 points.

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