South Korean stocks up 22% in 10 days as chip rally regains steam

Sangmi Cha & Youkyung Lee / Bloomberg08-13

Enthusiasm for tech hardware stocks is returning on evidence of continued massive AI spending by global Big Tech firms in the latest results.(Aug 13): A revival in the global artificial intelligence (...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2659675561?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-08-13 08:21","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2659675561","market":"sg","top_or_hot":-1,"title":"South Korean stocks up 22% in 10 days as chip rally regains steam","media":"Sangmi Cha & Youkyung Lee / Bloomberg","content":"<div>\n<p>Enthusiasm for tech hardware stocks is returning on evidence of continued massive AI spending by global Big Tech firms in the latest results.(Aug 13): A revival in the global artificial intelligence (...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/tech/south-korean-stocks-22-10-days-chip-rally-regains-steam?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>South Korean stocks up 22% in 10 days as chip rally regains steam</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSouth Korean stocks up 22% in 10 days as chip rally regains steam\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-13 08:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/tech/south-korean-stocks-22-10-days-chip-rally-regains-steam?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Sangmi Cha & Youkyung Lee / Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Enthusiasm for tech hardware stocks is returning on evidence of continued massive AI spending by global Big Tech firms in the latest results.(Aug 13): A revival in the global artificial intelligence (...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/tech/south-korean-stocks-22-10-days-chip-rally-regains-steam?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SSNGY","symbol_name":"Samsung Electronics Co., Ltd.","start_time":0,"source_url":"https://www.theedgesingapore.com/news/tech/south-korean-stocks-22-10-days-chip-rally-regains-steam?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2659675561","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/news/tech/south-korean-stocks-22-10-days-chip-rally-regains-steam?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2659675561","pubTimestamp":1786580464,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"Enthusiasm for tech hardware stocks is returning on evidence of continued massive AI spending by global Big Tech firms in the latest results.","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SSNGY":"Samsung Electronics Co., Ltd.","BK4554":"元宇宙及AR概念","EWY":"韩国ETF-iShares MSCI","BK4535":"淡马锡持仓"},"translate_title":"芯片反弹势头重燃，韩国股市 10 天内上涨 22%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SSNGY":1.88,"EWY":1.85},"content_text":"Enthusiasm for tech hardware stocks is returning on evidence of continued massive AI spending by global Big Tech firms in the latest results.(Aug 13): A revival in the global artificial intelligence (AI) trade pushed South Korean stocks into a technical bull market, marking a dramatic turnaround from last month's historic rout.\nThe benchmark Kospi gained 3.6% on Thursday, extending its gain from a July 30 low to around 22%. Heavyweight memory chipmakers Samsung Electronics Co and SK Hynix Inc drove the advance, each jumping nearly 5% or more.  \nEnthusiasm for tech hardware stocks is returning on evidence of continued massive AI spending by global Big Tech firms in the latest results. Sentiment has sharply turned around from the past few months, when forced liquidations of leveraged chipmaker bets triggered trading halts and wiped out billions of dollars in retail wealth. Recent government curbs on single-stock leveraged exchange-traded funds (ETFs) and signs of investors reducing margin debt have helped stabilise the market.\n\"I think the market overshot to the downside during the unwinding of leveraged positions, and the current rebound is a natural one as flow stabilised,\" said Kang DaeKwun, the chief executive officer of Life Asset Management. \"That said, I think it will be difficult for the market to sustain a continued rally until we see some stabilisation in the AI narrative and US interest rates.\"\n\nA subdued US inflation report on Wednesday provided a fresh tailwind, as eased concerns about imminent interest-rate hikes by the Federal Reserve supported US-listed chip peers. Expectations that Samsung and SK Hynix will soon announce shareholder return plans have also lifted sentiment in recent sessions.\nThe Kospi is up more than 60% so far this year on a largely retail-driven rally, yet remains about 25% down from its late June peak. It tumbled 22% in July in its worst month since the global financial crisis.\nLast month's market turmoil spurred a record number of trading halts as intraday swings of more than 5% in the Kospi became commonplace. A sense of calm has started to return, with a gauge of volatility falling to its lowest level since April.\nTurbulence receded as regulators stepped up measures to curb frenzied demand from individual traders for the single-stock leveraged ETFs tied to chipmakers. Daily turnover in these products has plummeted under new minimum cash deposit requirements.\n\nForeign investors were buyers of South Korean stocks on Thursday but remain sellers year to date, having withdrawn more than US$100 billion ($128 billion) as the market grew crowded and overheated. Some overseas funds started to come back as the sell-off drove valuations down to more attractive levels.\nWhile the rising threat of competition from China had also thrown some cold water on the blistering surge in memory stocks, the near-term demand outlook remains intact. The spread of AI into new applications and greater everyday usage is fuelling greater need for chips.\n\"Because of AI agents and physical AI, memory demand has exploded, but we entered into this with a quite limited supply capacity - that's where the bottleneck is,\" said Qian Zhang, an emerging markets equities investment specialist at Baillie Gifford. \"We are not saying the world will be building data centres forever at this speed, but that is a real physical bottleneck that only a few companies in this world can resolve.\"\nUploaded by Tham Yek Lee","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2659675561","isCrawlerRequest":true}