Veytics Intelligence
2026-10-28 · Yahoo

Tech stocks soar as SK hynix adds to rising AI confidence

South Korea's Kospi led gains across Asian markets as chip giant SK hynix soared on the back of blockbuster earnings (Jung Yeon-je) Technology firms surged across Asia on Wednesday after blockbuster earnings from chip giant SK hynix helped boost optimism in the AI trade ahead of results from Wall Street titans Microsoft and Alphabet. Oil prices rose as investors kept tabs on Israel's election results, which could determine the future of Prime Minister Benjamin Netanyahu's war against Iran. After a slight wobble this month in the tech realm caused by fresh worries about huge investment spending, profitability and company finances, AI-linked firms were back on the front foot.

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