South Korea’s KOSPI surged greater than 5% on the open on June 25, pushing again above 8,900 from 8,400 the prior session. Micron Know-how’s fiscal Q3 2026 outcomes, which properly exceeded Wall Avenue expectations, drove the transfer.
The Korea Change (KRX) activated a buy-side sidecar shortly after the open, suspending program buying and selling for 5 minutes. The mechanism triggers when the KOSPI 200 Futures index climbs 5% or extra for a minimum of one minute.
Micron Outcomes Catalyze the Transfer
Micron reported fiscal Q3 2026 income of $41.46 billion, greater than 4 occasions the $9.30 billion it posted in the identical quarter a 12 months earlier. Adjusted earnings per share got here in at $25.11, properly above the analyst consensus of round $20.78. The inventory gained roughly 15% in after-hours buying and selling following the announcement.
SK Hynix jumped greater than 10% in early morning buying and selling and triggered a static volatility interruption (VI) on the open, briefly switching to single-price buying and selling for 2 minutes. After the VI lifted, the inventory moved rapidly again towards its prior degree.
Samsung Electronics and SK Hynix reclaimed the 360,000 gained and a couple of.8 million gained ranges, respectively. As BeInCrypto reported, SK Hynix just lately surpassed Samsung in market cap for the primary time since 2000.
Ok Hynix and Samsung Lead the Cost
By investor kind, people web purchased roughly 490 billion gained and establishments added round 100 billion gained. Overseas traders web offered roughly 600 billion gained, extending a streak of web promoting that has now totaled round 12.2 trillion gained over the previous 5 buying and selling days.
The divergence mirrors the sample seen after South Korea’s earlier market rebound, when retail patrons absorbed overseas promoting within the early session.
Han Ji-young, a researcher at Kiwoom Securities, pointed to a mixture of macro tailwinds and Micron’s outperformance.
“In a positive macro surroundings, together with falling oil costs and the U.S. 10-year Authorities Bonds yield falling under 4.4%, Micron’s earnings shock and the greater than 5% power within the KOSPI200 evening futures mixed to ship the index surging on the open.” — Han Ji-young, Kiwoom Securities
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