What is the impact of Samsung and SK Hynix's partnership with OpenAI?

The partnership between Samsung Electronics, SK Hynix, and OpenAI to provide memory chips for OpenAI's Stargate data centers has fueled a surge in the stocks of the two South Korean tech giants, driving the Kospi index up by over 2% on Thursday.

How did the South Korean stock market perform on October 2nd, 2025?

On October 2nd, 2025, South Korea's Kospi index surged more than 2%, driven by strong gains in Samsung Electronics and SK Hynix stocks, which advanced over 4% and 10% respectively.

What was the overall performance of Asian markets on October 2nd, 2025?

On October 2nd, 2025, Asian markets opened mostly in the green, with the Kospi index in South Korea leading the gains. Japan's Nikkei 225 benchmark also gained 1.04%, while Australia's S&P/ASX 200 opened 0.61% higher. However, markets in China and India were closed for holidays.

Home / Business and Economy / South Korean Tech Giants Surge Ahead, Boosting Asian Markets

South Korean Tech Giants Surge Ahead, Boosting Asian Markets

2 Oct

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Summary

South Korea's Kospi index surged over 2% driven by Samsung and SK Hynix
Samsung and SK Hynix stocks gained over 4% and 10% respectively
Partnership with OpenAI on memory chips for Stargate data centers

South Korean Tech Giants Surge Ahead, Boosting Asian Markets

On Thursday, October 2nd, 2025, Asian markets opened mostly in the green, with South Korea's Kospi index leading the charge. The Kospi surged more than 2% on the back of strong gains in two of the country's tech giants, Samsung Electronics and SK Hynix.

Samsung Electronics' stock price advanced over 4%, while SK Hynix saw an even more impressive 10% jump. This surge in share prices was driven by the companies' announcement of a new partnership with OpenAI, the artificial intelligence research company. Under the agreement, Samsung and SK Hynix will provide memory chips to power OpenAI's Stargate data centers.

The positive news from the South Korean tech sector had a ripple effect across the region. Japan's Nikkei 225 benchmark gained 1.04%, while the Topix index remained unchanged. Australia's S&P/ASX 200 also opened 0.61% higher. However, markets in China and India were closed for holidays on the day.

Investors in the United States also reacted positively to the developments in Asia, with all three major U.S. indexes - the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite - moving into positive territory. The healthcare sector emerged as the top performer, buoyed by gains in pharmaceutical stocks.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.