**Korean Stock Market Rebound**
Driven by record financial results, SK Hynix surged 2.39 percent and Samsung Electronics rose 3.86 percent at market open. This rally lifted the Kospi by 1.65 percent to 6,123.06 and the Kosdaq by 1.34 percent to 715.33, offering relief following a steep historical market correction.
**Record Breaking SK Hynix Earnings**
SK Hynix reported record second quarter performance, with revenue jumping 256.8 percent year over year to 79.32 trillion Korean won and operating profit surging 557.2 percent to 60.54 trillion Korean won. First half operating profits for the company approached 100 trillion Korean won.
**Divergence from Wall Street and Market Correlation**
The strength in Korean chips directly countered a heavy selloff in major U.S. semiconductor stocks caused by growing concerns over an artificial intelligence peak. Analysts highlight that this Korean rebound provides temporary calm globally, especially given the strong recent correlation between the Kospi and the Nasdaq 100.
**Analyst Recommendations and Revised Price Targets**
Securities researchers advise investors to hold positions or gradually buy the dip in anticipation of a market rebound. At the same time, major firms like Mirae Asset maintained Buy ratings for both Samsung Electronics and SK Hynix, though they lowered their target stock prices to account for broader industry headwinds, potential NAND price drops, and Chinese supply chain shifts.
[https://www.chosun.com/english/market-money-en/2026/07/29/53JNJROTVVCERPDB5CWKRSWCPY/](https://www.chosun.com/english/market-money-en/2026/07/29/53JNJROTVVCERPDB5CWKRSWCPY/)