South Korea’s Kospi index jumped 16.8% to 6,531.71 on Friday, tracking Wall Street gains, as artificial intelligence-related stocks bounced back after losses this week.
Shares of South Korean technology giant Samsung Electronics surged 22.5%, while memory chipmaker SK Hynix soared 27.7%.
The Kospi index has been volatile this week in part over worries about an AI bubble and rising competition from chipmaking rivals in China.
Tokyo’s Nikkei 225 also climbed 5.2% in early Friday trading to 65,072.42. Multinational investment holding company and OpenAI investor SoftBank Group jumped 15.1%, while chip equipment maker Tokyo Electron rose 10.1%.
Oil prices traded lower early Friday. Brent crude, the international standard, was down 1.1% to $85.92 per barrel.
On Thursday, Wall Street’s benchmark S&P 500 was up 1.7% to 7,437.63. The Dow Jones Industrial Average added 1.2% to 52,208.06. The technology-heavy Nasdaq composite rose 2.8% to 25,122.18.
Original reporting: KTBS 3 (Shreveport) — read the source article.
