Search





Search





AnalysisStocks

KOSPI Crosses 6,000 as Kioxia Soars Nearly 14%, SK Hynix Jumps 11%, Samsung Rallies Over 9%

TradingKey

AuthorBlock Tao

Oct 28, 2026 6:53 AM

AI Podcast

View all comments（0）



During the Asian trading session on October 28, Japanese and South Korean stock markets extended strong rebounds, driven by SK Hynix’s record Q3 earnings and massive shareholder return plan. The KOSPI surged 6.63% to close at 6,012.44, with Samsung Electronics and SK Hynix posting double-digit gains. The Nikkei 225 rose 1.08%, led by Kioxia and SoftBank. Market momentum moving forward depends on upcoming U.S. tech earnings regarding AI capital expenditures and the Federal Reserve’s interest rate decision, which will dictate global capital flows and the trajectory of high-beta tech stocks.

AI-generated summary

TradingKey - KOSPI surges 6.63% to break 6,000 points, SK Hynix jumps 11%, Kioxia soars nearly 14%, while Samsung and SoftBank join the rally.

During the Asian trading session on October 28, Japanese and South Korean stock markets extended yesterday's strong rebound. Sparked by explosive positive news from SK Hynix's record Q3 earnings report and its 100 trillion KRW shareholder return plan, the semiconductor sector staged an extreme rally once again.

The KOSPI surged 6.63% at the close, strongly breaking through the 6,000 mark to settle at 6,012.44 points, marking its highest closing level in nearly two weeks. Industry leader Samsung Electronics closed up 9.12%, topping the 240,000 mark to finish at 242,500 KRW; SK Hynix surged 11.41% at the close, approaching the 1.5 million mark to end at 1,494,000 KRW.

kospi-357cba2ad10b4522aaf47a7329b2fe0b KOSPI Index Chart, Source: TradingView

The Nikkei 225 index extended its gains, closing up 1.08% at 63,954.14 points. A significant divergence in gains remained between two major heavyweight stocks: Kioxia surged 13.76% to close at 14,340 JPY, while SoftBank rose 4.65% to close at 4,682 JPY.

Later today, Alphabet (GOOG) and Microsoft (MSFT) will release their latest quarterly results, with the market closely observing whether the giants' massive AI capital expenditure can continue to translate into cloud revenue growth, the outcome of which will directly affect the momentum of Asian chip stocks tomorrow.

In addition, the Federal Reserve will announce its latest interest rate decision. Powell's stance on the subsequent rate-cut path and the direction of US Treasury yields will dictate the pace of global capital flows into emerging markets and high-beta tech stocks.

This content was translated using AI and reviewed for clarity. It is for informational purposes only.

View Original

Disclaimer: The content of this article solely represents the author's personal opinions and does not reflect the official stance of Tradingkey. It should not be considered as investment advice. The article is intended for reference purposes only, and readers should not base any investment decisions solely on its content. Tradingkey bears no responsibility for any trading outcomes resulting from reliance on this article. Furthermore, Tradingkey cannot guarantee the accuracy of the article's content. Before making any investment decisions, it is advisable to consult an independent financial advisor to fully understand the associated risks.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Samsung Electronics Q3 Earnings Preview: Operating Profit May Hit Record High; Can HBM4 Support Highest $542 Target Price?

TradingKey - Samsung Electronics will release its detailed financial results for the third quarter of 2026 on October 29. Preliminary figures previously released by the company show that third-quarter revenue is expected to reach 195 trillion won (approximately $145.7 billion), up 126.6% year-on-year, while operating profit is projected at 107.4 trillion won, surging 782.5% year-on-year. If confirmed by the final figures, Samsung Electronics' quarterly operating profit will surpass 100 trillion won for the first time, marking the fourth consecutive quarter of record-breaking financial performance.

Intel Q3 Earnings Preview: Revenue Expected to Grow 21%, Highest Wall Street Target at $200

TradingKey - Intel (INTC) will report its third-quarter FY2026 financial results after the market close on October 29 Eastern Time and host an earnings conference call at 2:00 p.m. ET on the same day.

OpenAI Plans to Buy Google AI Chips to Further Diversify Compute Strategy as Nvidia Faces New Competition

TradingKey - OpenAI is seeking to expand its sources of AI computing power. According to a Tuesday report by The Information citing people familiar with the matter, the ChatGPT developer plans to procure artificial intelligence chips from Google (GOOGL) to meet its model training and operational needs and reduce its reliance on a single chip supplier.

Broadcom Stock Price Forecast: $63 Billion AI Funding Supports Anthropic's Purchase of Broadcom Chips, Shares Poised to Return to $400

TradingKey - As of the close on October 27 Eastern Time, boosted by positive news surrounding Anthropic's $63 billion AI infrastructure financing, Broadcom (AVGO) shares rose 4% to close at $342.33, after touching an intraday high of $345.67, marking its second consecutive day of gains following a 2.33% rise in the previous trading session.

SoftBank Shares Jump Over 4% as It Partners With 5 Japanese Firms to Develop Quantum Computing Platform

SoftBank has partnered with five Japanese companies to deploy quantum computing platforms, attracting aggressive capital inflows and sending its stock price surging by more than 4%.

Featured Tools