{"id":105293,"date":"2026-07-31T09:31:13","date_gmt":"2026-07-31T09:31:13","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/105293\/"},"modified":"2026-07-31T09:31:13","modified_gmt":"2026-07-31T09:31:13","slug":"chipmakers-samsung-and-sk-hynix-soar-nearly-30-as-amazon-sparks-relief-rally","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/105293\/","title":{"rendered":"Chipmakers Samsung and SK Hynix soar nearly 30% as Amazon sparks relief rally"},"content":{"rendered":"

\"Chipmakers<\/a> Chipmakers Samsung and SK Hynix soar nearly 30% as Amazon sparks relief rally Proactive uses images sourced from Shutterstock <\/p>\n

Samsung Electronics (KRX:005930, LSE:BC94)<\/a> and SK Hynix surged by almost 30% on Friday as strong results from Amazon and Microsoft were the catalyst for investors to rush back into semiconductor shares. <\/p>\n

Samsung jumped 28% to \u20a9265,000, while memory-chip rival SK Hynix climbed 30% to \u20a91.7 million. The gains helped South Korea’s KOSPI index rise as much as 17%, with Taiwan’s market up more than 7% and Japan’s Nikkei 225 gaining over 5%. <\/p>\n

The rebound followed a punishing sell-off in Asian technology stocks and was fuelled by a strong rebound on Wall Street<\/a>, where the Nasdaq Composite rose 2.8% and the S&P 500 added 1.7%. <\/p>\n

Amazon shares climbed more than 9.5% in after-hours trading after second-quarter revenue beat forecasts<\/a>, helped by accelerating revenue growth in its web services division to the fastest since 2021, Management also raised the 2026 capital expenditure\u00a0projection from $200 billion to $220\u00a0billion. <\/p>\n

Apple shares fell 6.3% in afterhours trading as it issued a disappointing sales growth outlook. <\/p>\n

Earlier, Microsoft had been a key part of driving the Wall Street rebound as its shares recorded their largest ever single-day increase in market value, lifting sentiment across the broader market. The company reported strong quarterly results<\/a>, driven by accelerating Azure cloud growth and a sharp increase in Copilot adoption. <\/p>\n

Investors took the Microsoft and Amazon numbers as evidence that demand for the infrastructure needed to develop and operate AI remained intact. <\/p>\n

US chipmakers also advanced after the closing bell, with Micron, AMD and Intel among the risers. <\/p>\n

Analyst Patrick Munnelly at Tickmill said battered chipmakers were being “aggressively bought” as confidence in AI-related demand returned. <\/p>\n

However, he cautioned that the rebound was “more repair than reset”. Despite Friday’s rally, the KOSPI remained on course to lose almost 25% in July, which would be its worst month since the 1997 Asian financial crisis. <\/p>\n

Munnelly said the scale of the rebound suggested aggressive short-covering in a deeply oversold market rather than a full restoration of confidence. <\/p>\n","protected":false},"excerpt":{"rendered":"Chipmakers Samsung and SK Hynix soar nearly 30% as Amazon sparks relief rally Proactive uses images sourced from…\n","protected":false},"author":2,"featured_media":105294,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[1282,54290,54291,3880,276,241,275,54292],"class_list":["post-105293","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sk-hynix","tag-amazon","tag-apple-shares","tag-chipmakers-samsung","tag-microsoft","tag-samsung-electronics","tag-sk","tag-sk-hynix","tag-strong-results"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/105293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=105293"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/105293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/105294"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=105293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=105293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=105293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}