Samsung Electronics and SK Hynix shares surged over 7%. The rally in these chip giants pushed the broader KOSPI index up by more than 4%.
Singapore’s Temasek reportedly plans its first-ever investment in the South Korean stock market. Asia Business Daily cited government sources regarding the sovereign wealth fund's move.
Temasek identifies memory semiconductors as an undervalued segment of the artificial intelligence value chain. The fund contacted the South Korean government to discuss investment timing and plans to manage the capital directly.
The sovereign wealth fund manages a portfolio exceeding $400 billion. Temasek has not officially confirmed the report or responded to requests for comment.