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 results rippled across the Pacific, boosting investor confidence in regional semiconductor peers.
The rally was broad-based within the tech sector, with semiconductor shares leading the advance.
Traders viewed Micron’s performance as a positive signal for the wider memory chip cycle, suggesting robust demand that benefits Korean manufacturers as well.
The market reaction underscores the interconnectedness of the global semiconductor supply chain, where results from one major player can quickly reprice assets across borders.
This development follows a period of heightened volatility in Asian markets, where investors have been closely monitoring earnings from US tech giants for clues on the durability of the AI-driven demand boom.