SK hynix Inc. ADR (SKHY.US) leaped 27.3% overnight (14th). SK hynix shares in South Korea rallied more than 11% in early trading on Wednesday (15th), lifting Asian tech stocks broadly higher and tracking the uptick in US semiconductor shares after heavy selling earlier this week. The stock logged its largest-ever single-day decline on Monday (13th) as investors took profits amid mounting concerns over AI spending. Local rival Samsung Electronics shot up 6.8%.

Japan's semiconductor-related shares also broadly advanced. Advantest (6857.JP) jumped up 4.2%. Lasertec (6920.JP) gained 6.4%. Disco (6146.JP) climbed 2.8%, and SoftBank (9984.JP) added 0.8%.

US semiconductor stocks ticked up after a sell-off in the previous trading session, supporting gains in Asian tech shares. The VanEck Semiconductor ETF spiked 2.5%, while Micron Technology, Inc. (MU.US) and Lam Research Corporation (LRCX.US) each surged about 5%.

Despite Wednesday's rebound, some investors warned that market enthusiasm for AI-related hardware stocks is becoming overheated. Jordan Cvetanovski, Chairman and Chief Investment Officer of Pella Funds, said demand for AI infrastructure remains strong as companies race to build computing capacity, but signs of excessive speculation are beginning to emerge in the market.
~

AASTOCKS Financial News
Website: www.aastocks.com

SG Top Picks
Stock & Type	Code	Strike(Call Level)	Last	Effective Gearing
MU (P)	11114	400 (-)	0.310	2.5 X