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South Korean Stocks Jump as Chipmakers Roar Back on Dip Buying

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South Korean Stocks Jump as Chipmakers Roar Back on Dip Buying South Korean stocks climbed, lifted by heavyweight chipmakers as investors waded back into the artificial intelligence trade following last week’s selloff. The benchmark Kospi jumped more than 5% in early trading Tuesday, as Samsung Electronics Co. and SK Hynix Inc. climbed more than 5% each. That followed big gains in US peers Monday, even as Nvidia Corp. slumped on the developing scandal around Jensen Huang.

South Korean Stocks Jump as Chipmakers Roar Back on Dip Buying South Korean stocks climbed, lifted by heavyweight chipmakers as investors waded back into the artificial intelligence trade following last week’s selloff. The benchmark Kospi jumped more than 5% in early trading Tuesday, as Samsung Electronics Co. and SK Hynix Inc. climbed more than 5% each. That followed big gains in US peers Monday, even as Nvidia Corp. slumped on the developing scandal around Jensen Huang.
South Korean (ORG) Kospi (PERSON) Samsung Electronics Co. (ORG) SK Hynix Inc. (ORG) US (LOCATION) Nvidia Corp. (ORG) Jensen Huang (PERSON)
Originally published by Bloomberg Markets Read original →