SK Hynix shares posted strong gains this Wednesday, leading a broad recovery in the technology sector in Asia. The move follows the recent advance of semiconductor companies on Wall Street, after a sharp drop at the beginning of the week.
The South Korean memory chipmaker rose more than 11% on the Seoul stock exchange, extending the gains from the previous session. The reaction comes after a significant sell-off on Monday, when investors reduced positions amid growing concerns about spending on artificial intelligence.
Other South Korean companies also followed the positive move. Samsung Electronics advanced 6,8%, while Seoul Semiconductor posted a gain of 6,4%, reinforcing the sector's performance in the country.
In Japan, optimism spread among semiconductor equipment manufacturers. Companies such as Advantest, Lasertec, Disco and Tokyo Electron posted relevant gains, reflecting the same momentum seen in global markets. SoftBank Group, meanwhile, showed a slight increase, with a gain of less than 1%.
In Taiwan, Taiwan Semiconductor Manufacturing Co posted a more moderate advance, rising 0,4%, but still following the sector's positive trend.
The performance of Asian companies follows the recovery seen in the United States. The VanEck Semiconductor ETF advanced 2,5%, with highlights including companies such as Micron Technology and Lam Research, which rose about 5%. Applied Materials and Teradyne also posted gains above 3%.
Despite the rebound, there are signs of caution among analysts. Jordan Cvetanovski, president and chief investment officer of Pella Funds, highlighted that demand for artificial intelligence infrastructure remains high, but pointed to signs of excess in the market.