KOSPI Surges 5.5% as Samsung and SK Hynix Rally Over 9% on AI Chip News
2026-07-03 13:32

Woofun AI reports that the KOSPI index rallied 5.5% intraday, reversing a nearly 10% decline from the previous two sessions. Shares of Samsung Electronics and SK Hynix both climbed more than 9%, prompting the Korea Exchange to temporarily suspend program trading due to surging futures prices.

While foreign and retail investors sold index stocks, local funds increased their positions. Reports indicate Anthropic PBC is discussing custom AI chip development with Samsung, raising expectations for upcoming earnings. Fibonacci Asset Management's Jung In-yoon noted the partnership is in early stages with limited short-term earnings impact, but it strategically strengthens Samsung's role in the AI semiconductor supply chain.

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Tags:
Jung In-yoon
Anthropic PBC
Korea Exchange
Fibonacci Asset Management
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