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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: SK Hynix jumps 13% as easing US inflation, AI memory optimism lift chip stocks

SK Hynix Memory United States Inflation Samsung Semiconductor

Shares of South Korea's SK Hynix surged nearly 13% on Wednesday, leading gains in the country's semiconductor sector after softer-than-expected U.S. inflation data boosted global technology stocks and renewed optimism over artificial intelligence-driven memory demand, Reuters reported.

The rally extended across the sector, with Samsung Electronics climbing nearly 8% and chip equipment maker Hanmi Semiconductor advancing about 25% in early trade.

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