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Micron Technology, Inc. (MU.US) Surges 19% Overnight as UBS Raises TP; Asia-Pacific Semiconductor Stocks Rally, Delta and MediaTek Jump 9%, SK Hynix Up 10%
US stocks showed mixed performance overnight (26th). The DJIA fell 0.2%, while the Nasdaq and S&P 500 rose 1.2% and 0.6%, respectively, both hitting record highs. UBS issued a repo...
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Micron Technology, Inc. (MU.US) Surges 19% Overnight as UBS Raises TP; Asia-Pacific Semiconductor Stocks Rally, Delta and MediaTek Jump 9%, SK Hynix Up 10%
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US stocks showed mixed performance overnight (26th). The DJIA fell 0.2%, while the Nasdaq and S&P 500 rose 1.2% and 0.6%, respectively, both hitting record highs. UBS issued a report raising the TP for global memory chip giant Micron Technology, Inc. (MU.US)      from USD535 to USD1,625, representing an increase of nearly 204%. Micron surged 19.3% after resuming trading overnight to close at USD895.88, with market capitalization surpassing USD1 trillion. Peers Sandisk Corporation (SNDK.US)      , Western Digital Corporation (WDC.US)      and Seagate Technology Holdings PLC - Ordinary Shares (Ireland) (STX.US)      rose 4.1% to 8.3%, all reaching record highs.

Chip and semiconductor-related stocks across the Asia-Pacific region generally advanced. Hong Kong stocks opened slightly higher this morning (27th). The HSI opened up 9 points but soon turned lower, last at 25,535, down 63 points or 0.2%, with turnover of HKD72.591 billion. Hong Kong-listed memory-related stocks performed well. GIGADEVICE (03986.HK)  -50.000 (-6.329%)    Short selling $383.59M; Ratio 18.591%   hit an all-time high of HKD917.5 this morning. It was last at HKD882, up 6.91%, with turnover of HKD764 million. MONTAGE TECH (06809.HK)  -58.800 (-12.816%)    Short selling $1.16B; Ratio 32.466%   was last at HKD482.8, up 4.5%, with turnover of HKD694 million. Leading chipmakers SMIC (00981.HK)  -6.650 (-7.535%)    Short selling $1.47B; Ratio 8.053%   and HUA HONG SEMI (01347.HK)  -8.700 (-5.118%)    Short selling $1.54B; Ratio 17.252%   remained strong, rising 2.3% and 4.2%, respectively.

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Mainland China A-share markets diverged in early trading. The Shanghai Composite and Shenzhen Component Index were down 0.2% and up 0.7%, at 4,135 and 15,999, respectively. Taiwans market rose to a record high of 44,817 and was last at 44,538, up 1,012 points or 2.3%. TSMC and Hon Hai rose 1.9% to 2%. Delta Electronics and MediaTek each surged 9%, while Wiwynn fell 1% against the trend.

Japans Nikkei index broke above the 66,000 mark for the first time, hitting a record high of 66,428. It was last at 65,565, up 569 points or nearly 0.9%. Semiconductor stocks rallied, with Tokyo Electron (8035.JP), Advantest (6857.JP) and Shin-Etsu Chemical (4063.JP) rising 5.4% to 7.4%. SoftBank (9984.JP), which had surged in recent sessions, pulled back 4.4%.

Driven by two heavyweight stocks, South Koreas KOSPI once rose to a record high of 8,450 and was last at 8,383, up 355 points or 4.2%. The Korea Exchange triggered a circuit breaker after KOSPI 200 futures surged 5%, with program trading halted for five minutes. Samsung Electronics rose 6.6% to KRW318,000. SK Hynix once jumped more than 11%, with market capitalization surpassing USD1 trillion for the first time. It was last at KRW2,264,500, up 10.4%, both hitting record highs. (da/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-29 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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