Korean stocks rally again overnight. KOSPI closes up 2.41% as SK Hynix and Samsung rally
MSN·
- Korean stocks rallied overnight, with the KOSPI closing up 2.41% to cap an 11.5% weekly gain and snap a seven-week losing streak.
- The market surge was driven by SanDisk's Investor Day projections of roughly 80% gross margins through 2030, which repriced the broader memory complex.
- Memory peers like Micron and Western Digital surged on Thursday, with Western Digital rising 7.3% alongside strong rallies in SK Hynix and Samsung.
