South Korea's Kospi index soared due to positive outlook from Micron and SK Hynix's plans to list in the United States.

The South Korean Kospi index once surged 6%, following the rise of US stock index futures. Prior to this, Micron Technology's optimistic forecast reignited enthusiasm in the market for AI trading. In addition, SK Hynix plans to raise about $29.4 billion through listing in the US, which also boosted market sentiment. SK Hynix and Samsung Electronics made the biggest contributions to the stock index gains, rising by 12% and 5.9% respectively. So far this year, the Kospi index has risen by 112%. Jung In Yun, CEO of Fibonacci Asset Management, stated that Micron's better-than-expected earnings and positive performance guidance have significantly reduced the uncertainty in the profit prospects of South Korean memory manufacturers. The South Korean small-cap Kosdaq index also rose by 2.4%. The performance of the South Korean stock market was better than the MSCI Asia Pacific index, which rose by 1.2%.