SK Hynix surges 30% on Seoul stock exchange after Microsoft and Amazon beat expectations

Shares in South Korean chipmaker SK Hynix surged nearly 30% on the Seoul stock exchange after Microsoft and Amazon reported better-than-expected financial results. Earlier in the week, Asian markets had slumped amid doubts over whether hundreds of billions of dollars invested in AI infrastructure would ever generate sufficient returns. The strong US tech earnings restored investor confidence in the technology sector.

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