South Korea's Kospi surges 6% as chip stocks rebound. Here are two major triggers (opens original article in a new tab)

South Korea's KOSPI rose 6% as chip stocks rebounded, driven by SK Hynix's US listing plans and Micron's strong performance, recovering from earlier losses.

• South Korea's KOSPI surged 6% to 8,982, recovering from a 10% drop earlier in the week
• SK Hynix rose over 10% after planning a $29.4 billion US listing to capitalize on AI demand
• Micron's strong earnings and outlook boosted investor sentiment in semiconductor stocks