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Meta's Muse AI Agent Fuels Surge in South Korean Chip Stocks
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CNBC TV18•22-09-2026, 06:35
Meta's Muse AI Agent Fuels Surge in South Korean Chip Stocks
- •South Korean semiconductor stocks, including Samsung Electronics and SK Hynix, rose significantly following gains in US peers.
- •Meta Platforms Inc.'s new Muse AI agent, which topped Apple's free app rankings, boosted investor sentiment.
- •Meta shares jumped 11% in the US, and Advanced Micro Devices Inc. exceeded $1 trillion in market value.
- •Lower oil prices and hopes for diplomatic progress in the Iran war also supported risk appetite.
- •Anticipation of a meeting between President Donald Trump and Chinese leader Xi Jinping provided additional market support.
Key Questions Answered
South Korean semiconductor and equipment stocks rose after early signs of success for Meta Platforms Inc.'s Muse AI agent boosted investor sentiment. Shares of Samsung Electronics Co. rose as much as 3.5%, while SK Hynix Inc. climbed 3.3%, helping lift the benchmark Kospi Index by 2.3%.
Meta's Muse AI agent climbed to the top of rankings on Apple Inc.'s free applications chart in the US after launching earlier in the month, moving ahead of OpenAI's ChatGPT.
Lower oil prices, driven by hopes for diplomatic progress in the Iran war and a fourth straight decline in energy costs, helped ease concerns about inflationary impacts and further supported risk appetite.
