US-China Summit Puts Semiconductor Export Rules and Market Impact in Focus

One day before the US-China summit, South Korea’s market on May 13 focused on whether semiconductor export controls could be eased and how rare earth talks might unfold. Samsung Electronics rose 1.79%, while SK Hynix gained 7.68% and touched 1.99 million won intraday. Union Materials jumped 8.5%, and Union and DONGKUK R&S rose 3.64% and 1.8%, respectively. The summit is scheduled for May 14 in Beijing, with AI, semiconductors and rare earths cited as major agenda items. NH Investment & Securities said a Chinese push using rare earths to secure chip export-rule relief could be negative for Korean memory makers, while even a freeze in the talks could leave them with indirect benefits. Source: hankyung.com