Samsung Electronics CEO’s “Samsung is back” declaration sparks rally in Asian tech stocks
Samsung Electronics Co-CEO Jeon Young-hyun cited a customer as saying, “Samsung is back,” further fueling a broad rally in Asian tech stocks, with Samsung Electronics’ share price posting its biggest gain in six months. The remarks by Jeon, who is typically low-key, have sparked market hopes that South Korea’s largest company is close to finalizing a supply agreement with NVIDIA.Jeon Yong-hyun said, “Our HBM4 demonstrates differentiated competitiveness and has even earned the comment from a customer that ‘Samsung is back.’” As Samsung Electronics’ stock rose, Asian tech stocks also had a strong day, led by Hong Kong-listed AI chip startup Beren Technology, whose shares more than doubled.South Korea’s KOSPI index closed up more than 2%, finishing above the 4,300-point mark for the first time.Data released this week showed that South Korea’s semiconductor exports surged 43% in December, highlighting the pivotal role of Samsung and SK Hynix in the global AI boom. Additionally, analysts at Korea’s Yuanta Securities and IBK Securities raised their target prices for Samsung ahead of the company’s preliminary earnings release next week.
Source:富途快讯 · Source Link
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