South Korea's KOSPI Opens Nearly 2% Higher; Samsung, SK Hynix Up Nearly 3%
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South Korea's KOSPI index opened 1.94% higher on September 23, reaching 7,129.51 points, driven by gains in tech heavyweights. Samsung Electronics and SK Hynix both rose nearly 3%, tracking an overnight rally in the US semiconductor sector. The Philadelphia Semiconductor Index gained over 2%, closing at its highest level since mid-July, with memory chip makers leading the advance. Separately, data from Sensor Tower showed that Meta's AI agent app, Meta Muse, surpassed ChatGPT in downloads within five days of its US launch, becoming the top free app on Apple's iOS platform with over 2.5 million cumulative downloads. In a related development, JPMorgan Chase CEO Jamie Dimon stated that spending on AI shows no signs of slowing, and that investment across the hyperscale data center ecosystem could reach $1 trillion next year. Japanese markets were closed for a holiday.
Source report
By Li Zhi, China Fund News
September 23 — South Korea's KOSPI index opened 1.94% higher, reaching 7,129.51 points. Among individual stocks, SK Hynix and Samsung Electronics both rose nearly 3%. Japanese markets were closed today for a holiday.
Overnight Market Drivers
U.S. semiconductor and memory stocks rallied in overnight trading:
- SanDisk surged over 6%
- Micron Technology gained 5%
- SK Hynix rose more than 3%
- The Philadelphia Semiconductor Index climbed over 2%, hitting its highest close since mid-July
Meta Muse Surpasses ChatGPT in Downloads
According to data from Sensor Tower, Meta's AI-powered application Meta Muse surpassed ChatGPT in downloads within five days of its launch. It became the top free app on the U.S. iOS platform, with cumulative downloads exceeding 2.5 million.
JPMorgan CEO on AI Investment Boom
Jamie Dimon, CEO of JPMorgan Chase, stated that the spending surge in the AI sector shows no signs of slowing down. He noted that investment across the entire hyperscale data center ecosystem could reach $1 trillion next year.
Source
中国基金报Neutral / independent