OpenAI · SpaceX · Wall Street · South Korea · CNBC Technology
Asia chip-linked shares recover after U.S. peers bounce back
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Asian technology stocks rebounded Tuesday, tracking Wall Street's gains, as investors returned to artificial intelligence-linked names.
Key facts
- Japanese semiconductor equipment makers also advanced, with Tokyo Electron rising 5.65%, Advantest adding 1.51%, and Renesas Electronics gaining 2.54%
- South Korean memory chip giant SK Hynix climbed 6.44%, while Samsung Electronics gained 3.38%
- In the U.S., chip stocks powered gains on Monday, helping the S&P 500 gain 0.3%, while the tech-heavy Nasdaq Composite advanced 0.86%, clawing back some of last week's losses amid a broader rout
- However, shares of Japanese tech investment giant SoftBank extended their slide, dropping 2%
Summary
South Korean memory chip giant SK Hynix climbed 6.44%, while Samsung Electronics gained 3.38%. Japanese semiconductor equipment makers also advanced, with Tokyo Electron rising 5.65%, Advantest adding 1.51%, and Renesas Electronics gaining 2.54%. However, shares of Japanese tech investment giant SoftBank extended their slide, dropping 2%. In the U.S., chip stocks powered gains on Monday, helping the S&P 500 gain 0.3%, while the tech-heavy Nasdaq Composite advanced 0.86%, clawing back some of last week's losses amid a broader rout in technology shares.