SK Hynix jumps more than 11% as Asian chip stocks rally after U.S. semiconductor rebound

According to CNBC, SK Hynix shares jumped more than 11% in Seoul on Wednesday, leading a broad rally in Asian technology stocks after U.S. semiconductor names rebounded from an earlier sell-off. Samsung Electronics rose 6.8% and Seoul Semiconductor gained 6.4%, while Japan’s chip-related shares also advanced, including Advantest up 4.2%, Lasertec up 6.4%, Disco up 2.8%, SoftBank Group up 0.8% and Tokyo Electron up 0.9%, with Renesas Electronics down 0.2%. The move followed a recovery on Wall Street, where the VanEck Semiconductor ETF rose 2.5%, Micron Technology and Lam Research climbed about 5% each, and Applied Materials and Teradyne gained more than 3%. Jordan Cvetanovski, chairman and chief investment officer at Pella Funds, said demand for AI infrastructure remains strong but warned that signs of speculative excess are emerging in AI-linked hardware stocks.