STOCKS | SK Hynix ADR Becomes Biggest Foreign Corporate Fundraising as Chip Stocks Rally

U.S. stocks rose overnight and U.S. equity futures extended gains in early trading, as SK Hynix’s ADR issuance became the largest fundraising by a foreign company and investors turned more optimistic about AI-related demand, according to Ming Pao. The renewed optimism drove inflows into semiconductor shares and lifted Asian markets. South Korea’s KOSPI rose more than 4% and the KOSDAQ gained more than 6%, while Japan’s Nikkei 225 climbed more than 1.9%. China A-shares and Hong Kong stocks also advanced, while Taiwan’s market was closed due to a typhoon. In Hong Kong, the Hang Seng Index and the Hang Seng China Enterprises Index hit three-week highs, and the Hang Seng Tech Index rose for a third straight day to a one-month high.