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Samsung, SK Hynix Stock Prices Spike 6%+, Combined Mkt Cap Tops BABA-W, TENCENT for 1st Time
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This morning (3rd), Samsung Electronics and SK Hynix, South Korea's two largest companies by market cap, saw their stock prices surge by over 6%, pushing their combined market cap to USD1.11 trillion, Bloomberg reported. It marked the first time the duo's total value had topped that of China's two internet giants, BABA-W (09988.HK) and TENCENT (00700.HK). This achievement indicates that the global AI boom is reshaping the investment landscape in Asia, benefiting South Korean chip makers at the core of the supply chain. AAStocks Financial News |
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