South Korean equities opened sharply higher on Thursday, driven by a wave of buying in the technology sector following a stronger-than-expected earnings report from US memory chipmaker Micron Technology.
The positive sentiment from the US market spilled over into Seoul, lifting the benchmark Kospi index at the start of trading.
74 points at the open, reflecting broad-based optimism in the tech-heavy market.
The rally was concentrated in semiconductor shares, with SK Hynix and Samsung Electronics leading the advance.
Investors interpreted Micron’s robust performance as a sign of sustained demand in the memory chip market, benefiting its Korean counterparts.
The benchmark index gained 2.74 points at the open, reflecting broad-based optimism in the tech-heavy market.
This development underscores the interconnectedness of the global semiconductor supply chain, where earnings from one major player can significantly influence valuations across borders.