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South Korea's domestic savings sector stocks strengthened due to market expectations of stronger shareholder returns, compounded by the advantages of the US tech giants' high capital expenditure. Samsung Electronics' stock price rose as high as 4.9%, while SK Hynix once rose 7.3%. Driven by these individual stocks, the Korea Composite Index Kospi rose 4.1%. The media quoted anonymous industry sources as reporting that SK Hynix is preparing to announce an additional shareholder return plan of 50 trillion to 60 trillion won on October 28. US technology stocks closed higher overnight, driven by a series of favorable news, such as Anthropic's submission of an IPO application. Additionally, space exploration technology company SpaceX reached a $40 billion equipment finance lease agreement with Apollo Global Management to purchase chips to support its artificial intelligence business layout. Meta plans to raise up to $95 billion through the issuance of common and preferred shares to invest in artificial intelligence research and development. Note: SK Hynix will release earnings on Wednesday, and Samsung Electronics is scheduled to release earnings on Thursday.
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South Korea's domestic savings sector stocks strengthened due to market expectations of stronger shareholder returns, compounded by the advantages of the US tech giants' high capital expenditure. Samsung Electronics' stock price rose as high as 4.9%, while SK Hynix once rose 7.3%. Driven by these individual stocks, the Korea Composite Index Kospi rose 4.1%. The media quoted anonymous industry sources as reporting that SK Hynix is preparing to announce an additional shareholder return plan of 50 trillion to 60 trillion won on October 28. US technology stocks closed higher overnight, driven by a series of favorable news, such as Anthropic's submission of an IPO application. Additionally, space exploration technology company SpaceX reached a $40 billion equipment finance lease agreement with Apollo Global Management to purchase chips to support its artificial intelligence business layout. Meta plans to raise up to $95 billion through the issuance of common and preferred shares to invest in artificial intelligence research and development. Note: SK Hynix will release earnings on Wednesday, and Samsung Electronics is scheduled to release earnings on Thursday.
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