Iran · Strait of Hormuz · South Korea · Nvidia · Taiwan · Donald Trump · CNBC Technology
Analysts warned that a prolonged conflict could eventually lead to production delays for chipmakers as helium stockpiles deplete
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◎ Multiple-sources
The ceasefire, announced late Tuesday in the U.S., while temporary, has raised market hopes that the conflict will normalize and ease shipments through the Strait of Hormuz.
Key facts
- South Korean memory chip leader SK Hynix surged more than 15%, while Samsung Electronics advanced more than 9%
- Advantest jumped over 13%, while Renesas Electronics, a key Nvidia supplier, added 12%
- Taiwan Semiconductor Manufacturing Company, the world's largest contract chip manufacturer, was up 4.84%
- Japanese semiconductor equipment maker Tokyo Electron climbed 9.6%
Summary
Asian technology and semiconductor stocks surged on Wednesday after the U.S. and Iran agreed to a conditional two-week ceasefire that includes a temporary reopening of the Strait of Hormuz. The news sent major indexes in Asian markets soaring, with chipmakers, which are highly sensitive to global trade flows and energy costs, leading the rally. Taiwan Semiconductor Manufacturing Company, the world's largest contract chip manufacturer, was up 4.84%. Japanese semiconductor equipment maker Tokyo Electron climbed 9.6%. South Korean memory chip leader SK Hynix surged more than 15%, while Samsung Electronics advanced more than 9%.