Chip Stocks Rocket On Asian Rebound, Pulling US Futures Higher
TSMC, Samsung and SK Hynix drove the rebound after chipmakers signaled fresh price hikes and strong export data.
- S&P 500 futures rose 0.5%, Nasdaq futures climbed 1.4% ahead of the open.
- TSMC, Samsung and SK Hynix led gains after reports of chip price hikes.
- Nikkei 225 gained 2.7%, Kospi surged 4.63%, Taiex jumped 3.6% overnight.
Why it matters: Capital moves as one herd across time zones now; a Seoul rally needs no cause in New York.