Asian tech stocks rebound after global rout; Samsung surges 9%
By
Lee Ying Shan
10d ago· 2 min readenNews
Summary
Asian technology stocks, led by South Korean semiconductor giants Samsung Electronics and SK Hynix, rebounded on Wednesday after steep losses in the previous session. Samsung rose over 9% and SK Hynix gained more than 4%, recovering part of their 12%+ declines from Tuesday. The Kospi Index climbed over 3% after falling 10%, and the rebound extended to Japan.
Source
bskyAsian tech stocks rebound after global rout; Samsung surges 9%cnbc.comKey quotes
· 3 pulledShares of Samsung Electronics rose over 9%, while SK Hynix gained more than 4%, recovering part of the more than 12% decline posted by both respectively on Tuesday.
Both chip giants are major constituents of the benchmark Kospi Index, which is up more than 3% after falling 10% in the previous session.
Samsung SDI climbed 2.6%, while Seoul Semiconductor advanced 2.7%.
Asia's technology stocks rebounded on Wednesday after global equities posted steep losses in the previous session.
Comments
Sign in to join the conversation.
No comments yet. Be the first.