South Korean chip shares rally after Micron's upbeat earnings

Samsung Electronics Co

Today 01:01

    SEOUL, June 25 (Reuters) - South Korean semiconductor shares rallied on Thursday after U.S. memory chipmaker Micron Technology's MU.O quarterly results and forecast topped expectations, boosting optimism over sustained demand for AI-related chips.
Shares of SK Hynix and Samsung Electronics rose as much as 11.1% and 5.9%, respectively, in early morning trade, tracking gains in U.S. chip stocks after Micron's earnings reinforced confidence in the memory chip sector.

 (Reporting by Heekyong Yang
Editing by Ed Davies)
 ((Heekyong.Yang@thomsonreuters.com;))