Seoul stocks soar in Asia tech rally after Micron blowout forecast

Seoul stocks surged in an Asia-wide tech-led rebound after Micron delivered a forecast that outperformed expectations. On Thursday, South Korea’s Kospi jumped more than 5% as traders looked past fresh concerns about the pace and returns of AI investment, supported by oil prices falling below pre-war levels and optimism tied to potential US–Iran peace talks. The turnaround followed Micron Technology’s announcement of fourth-quarter revenue guidance of $50 billion, above expectations around $43 billion. The news helped lift SK hynix, which said it planned to raise $29 billion via a Nasdaq listing to fund chip facilities, with the stock up about 10%. Samsung gained more than 5%, while Tokyo’s Nikkei rose over 3%.