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International Business Times
International Business Times
Business

Chipmakers Are Rebounding Sharply After a Rout. Samsung And SK Hynix Stocks Are Seeing Historical Gains

SK Hynix had its best day on record in South Korea on Friday as chipmakers rebound following a sharp rout. (Credit: Getty Images)

SK Hynix and Samsung saw their best day on record in South Korea on Friday as chipmakers rebound following a sharp rout.

The former jumped almost 30%, while the latter did so about 27%. CNBC detailed that LG Innoteck gained more than 20% and Seoul Semiconductor 15%. Shares of Japanese chipmakers also soared, and Taiwan's TSMC climbed almost 10%, and the iShares Semiconductor ETF did so 8%.

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