South Korean semiconductor stocks opened sharply higher on July 22 after gains in U.S. technology and chip shares overnight. As of 8:11 Beijing time, Samsung Electronics was up 5.79% at KRW 274,000, while SK Hynix had climbed 8.50% and briefly touched KRW 2 million for the first time since July 15. In the U.S. session, Nvidia rose 1.97% after its next-generation AI server platform, Vera Rubin, entered mass production and began shipping to major customers. Micron jumped 12.17% and Broadcom added 2.21%, helping push the Philadelphia Semiconductor Index up 5.21%. SK Hynix ADR also rallied 13.75% overnight to close at $171.94. In South Korea, foreign investors were net buyers of KRW 717.6 billion in the electrical and electronics sector, while retail and institutional investors were net sellers of KRW 370.6 billion and KRW 345.8 billion, respectively.
South Korean semiconductor stocks rose sharply in early trading on July 22, lifted by overnight strength in U.S. technology shares, according to Odaily.
As of 8:11 Beijing time, Samsung Electronics was up 5.79% at KRW 274,000. SK Hynix gained 8.50% and briefly touched KRW 2 million, its first time reaching that level since July 15.
Overnight gains in U.S. chip stocks
In the U.S. market overnight, Nvidia rose 1.97%. The move came as its next-generation AI server platform, Vera Rubin, entered mass production and began shipping to major customers.
Micron surged 12.17% and Broadcom added 2.21%, helping drive the Philadelphia Semiconductor Index up 5.21%. SK Hynix ADR also rose 13.75% overnight to close at $171.94.
Fund flows
On fund flows, foreign investors were net buyers of KRW 717.6 billion in South Korea's electrical and electronics sector. Retail investors and institutional investors were net sellers of KRW 370.6 billion and KRW 345.8 billion, respectively.
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