South Korean chip stocks rise as U.S. AI shares surge

  • Samsung Electronics and SK Hynix led early gains among South Korean chip-related stocks.
  • Samsung rose 2.65% to 280,000 won, while SK Hynix gained 2.94% to 1.923 million won.
  • U.S. stocks rallied after Meta released Muse and AMD’s market value topped $1 trillion.

South Korean semiconductor stocks advanced early on Sept. 22 after a broad overnight rally in U.S. AI and chip shares. Samsung Electronics rose 2.65% to 280,000 won ($205) and SK Hynix gained 2.94% to 1.923 million won ($1,408) as of 9:09 a.m. Meta Platforms’ personal AI agent Muse, released Sept. 8, reached No. 1 among free apps on Apple’s App Store, while AMD, Intel and Qualcomm posted sharp gains. The Nasdaq Composite reached a record closing high after rising 2.3%, and falling international oil prices and reduced external uncertainty provided additional support for equities.

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