Overview
- Micron reported after the U.S. close on Wednesday that quarterly results beat expectations, it sees roughly $50 billion in next‑quarter revenue, and customers have pre‑committed about $22 billion for its memory chips.
- The report sparked a sharp market rebound that lifted Asian tech indexes and sent South Korea's KOSPI up more than 5 percent while Seoul briefly halted program trading during the surge.
- SK Hynix's filing for a Nasdaq listing to raise roughly $29.4 billion added to investor confidence by signaling fresh capital for capacity expansion that could affect memory supply and pricing.
- This rally follows a violent sell‑off earlier in the week that drove the KOSPI nearly 10 percent lower after retail flows were amplified by newly approved single‑stock leveraged ETFs in South Korea, a move the FSS later said it regretted.
- Investors now face key tests to the rally: whether planned capex and listings actually expand HBM output enough to ease prices, and near‑term macro data and geopolitical developments such as the U.S. inflation print and Strait of Hormuz shipping trends.