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Asian stocks rallied on Wednesday as investors returned to semiconductor shares after a bruising sell-off, taking their cue from a Wall Street rebound even as Brent crude pushed further above $91 a barrel. MSCI's Asia-Pacific gauge outside Japan gained 1.2%, while South Korea's Kospi surged more than 6% and Japan's Nikkei 225 climbed 1.9%.
Micron's ( NASDAQ :MU | MU Price Prediction ) Fiscal Q3 2026 results include something you should look into a little more closely.
The Kospi Index retreated by over 4% today, July 20, as concerns on the technology sector coincided with the ongoing US-Iran war. It slumped to 6,525 points, down substantially from the year-to-date high of 9,387.
Markets are embracing the idea that we are in an AI supercycle. Investors are betting on a multi-decade technological shift, similar to the internet, that will transform industries, computing, and infrastructure.
When it comes to broad international equities exposure, the sum of the parts is traditionally greater than the whole. Today, however, single-country exposure is also proving that individual parts can deliver a whole lot of performance.
The Kospi Index continued its strong recovery as technology companies like Samsung and SK Hynix soared. It jumped to 7,377, up by 15% from its lowest point this month.
The Korean stock market is now interlinked with American portfolios, Christopher Collins writes.
SK Hynix stock slumped in its first full day of U.S. trading as jitters continued to weigh on chip and memory stocks.