On Friday, Japanese and South Korean tech stocks experienced notable gains, largely influenced by a rally in U.S. chipmakers. SoftBank Group saw a remarkable increase of over 11%, while other Japanese chip equipment manufacturers like Advantest and Renesas Electronics rose by 3.9% and 3%, respectively. Tokyo Electron also reported a 4% increase.
In South Korea, Samsung SDI surged by 8.3%, and Seoul Semiconductor advanced by 5.9%. Samsung Electronics increased by 4.3%, and LG Display rose by 4.4%. Additionally, SK Hynix, a major player in the memory chip market, added 1.3% as it prepares for its U.S. market debut. The stock of SK Hynix has skyrocketed more than sevenfold over the past year, driven by a global memory chip shortage.
This surge in tech stocks reflects investor confidence in the semiconductor industry, which remains a critical sector for growth and innovation