Japanese and South Korean stocks continued to rise on 14 August, with South Korea's KOSPI rebounding sharply to gain 11.5% for the week. Technology stocks rose in tandem following SanDisk's shareholder-return announcement, while SK hynix, Samsung Electronics and Kioxia performed strongly.
Japanese and South Korean stocks continued to rise on 14 August. South Korea's benchmark KOSPI in particular gained 11.5% for the week, indicating a sustained market recovery.
Following SanDisk's shareholder-return announcement, Asian technology stocks and memory semiconductor-related stocks rose in tandem, with major names including SK hynix, Samsung Electronics and Kioxia performing strongly.
The chairman of SK Group said the group was considering building a new plant through a joint venture to reduce the burden of capital investment, and indicated that this would provide medium- to long-term support for tightening supply and demand toward 2027.
Net foreign buying has been the main driver of the rebound in the South Korean market, with fund inflows cited as a factor supporting the market's recovery.