GLOBAL MARKET : SOUTH KOREAN SHARES JUMP 3 % AS CHIPMAKERS RALLY ON STRONG EXPORTS , AI DEMAND

What happened: South Korea's KOSPI jumped as chipmakers rallied on strong exports and AI demand, with Samsung Electronics and SK Hynix leading the recovery. Key numbers: KOSPI rose 168.52 points, or 3.03%, to 5,721.26 as of 0121 GMT. Samsung Electronics gained 5.08%, SK Hynix advanced 6.13%. Exports more than doubled in the first 20 days of October from a year earlier. Why it matters: The rally followed Super Micro Computer's forecast of quarterly revenue and profit margins well above Wall Street estimates, which lifted sentiment across AI-related stocks.

South Korea's KOSPI jumped as chipmakers rallied on strong exports and AI demand, with Samsung Electronics and SK Hynix leading the recovery.

The rally followed Super Micro Computer's forecast of quarterly revenue and profit margins well above Wall Street estimates, which lifted sentiment across AI-related stocks.