South Korea's KOSPI rises more than 2%; SK Hynix gains 4.5%

South Korean equities advanced on August 10, led by semiconductor and technology shares, after weaker-than-expected U.S. employment data increased expectations that the Federal Reserve may pause in September. Reports differed on the magnitude of the move, with broader market coverage showing the KOSPI up 104.92 points, or 1.68%, to 6,363.69 by 9:10 a.m. KST, while another report described the index as up more than 2%; separate market coverage also cited the KOSPI around 6,290 and up about 0.5%. SK Hynix rose 4.5% in one report, while Samsung gained 2.81%; other coverage described both stocks as up around 1% to more than 3% in early trade. The rally tracked Wall Street gains and was supported by AI-related optimism, though higher oil prices and uncertainty tied to the Strait of Hormuz tempered broader risk appetite.

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