Korean semiconductor stocks rise amid strong U.S. tech gains

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Korean semiconductor stocks surged on July 22, with altcoins to watch also demonstrating positive momentum. Samsung Electronics rose 5.79% to 274,000 KRW, while SK Hynix climbed 8.50%, reaching 2.0 million KRW for the first time since July 15. U.S. tech shares, including NVIDIA and Micron, also advanced, pushing the Philadelphia Semiconductor Index up 5.21%. The Fear & Greed Index reflected a shift toward optimism in the broader market.

Odaily Planet Daily report: Driven by the overnight strength in U.S. tech stocks, South Korea’s semiconductor sector surged sharply in early trading on the 22nd. As of 8:11 Beijing time, Samsung Electronics rose 5.79% to KRW 274,000; SK Hynix increased 8.50%, briefly touching KRW 2 million—the first time since July 15.

Overnight in U.S. markets, NVIDIA rose 1.97% as its next-generation AI server platform, Vera Rubin, entered mass production and began shipping to major customers; Micron surged 12.17%, Broadcom climbed 2.21%, driving the Philadelphia Semiconductor Index up 5.21%. Additionally, SK Hynix ADR gained 13.75% overnight, closing at $171.94.

In terms of capital flows, foreign investors are currently net buying 717.6 billion KRW in South Korea’s electrical and electronics sector, while individual investors and institutional investors are net selling 370.6 billion KRW and 345.8 billion KRW, respectively.

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