Japan, South Korea Stocks Rebound Strongly as Kospi Rises Nearly 6%, SK Hynix Surges Over 12%, Samsung Gains Over 9%, Kioxia Rises Over 6%
• On August 20, Asian markets saw a strong rebound, with South Korea's KOSPI Index surging 5.89% to 6,852.58 points and Japan's Nikkei 225 rising 1.36% to 66,216.79 points. • Major tech stocks led the rally, including SK Hynix (up over 12%), Samsung (up over 9%), and Kioxia (up over 6%), while the Korea Exchange activated a Sidecar mechanism to manage program buying. • The momentum is driven by Samsung's plan to announce a shareholder return exceeding 100 trillion won (~$71.9 billion) and a $120 billion conditional revenue agreement between Google and Marvell for custom AI chips.
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