By Kwanwoo Jun

Semiconductor stocks in South Korea and Japan rallied on Tuesday, tracking an overnight tech rally on Wall Street after the U.S. Senate moved to end the government shutdown.

Shares in Samsung Electronics and SK Hynix, the world's top memory-chip makers based in South Korea, rose as much as 5.4% and 6.6%, respectively, in early trading. Both later pared some gains and were last up 4.8% and 4.6%.

By comparison, the benchmark Kospi was recently about2% higher.

In Japan, semiconductor companies Kioxia Holdings and Renesas Electronics also advanced, last up 5.3% and 3.6%, respectively, outperforming the Nikkei Stock Average's gain of less than 1% in morning trading.

Traders appear to be finding momentum in the prospect of upcoming end to the U.S. government shutdown after a recent lack of catalysts, Seoul-based Kiwoom Securities analyst Han Ji-young said in a note Tuesday. Local chip stocks were off to a strong start, following an overnight rally in U.S. peers, Han added.

Congress was closing in on a deal to reopen the U.S. federal government, sparking a rally in tech stocks on Wall Street on Monday. Artificial-intelligence chip manufacturer Nvidia and memory chip supplier Micron Technology jumped 5.8% and 6.5%, respectively, on the tech-heavy Nasdaq.

The Senate cleared a key hurdle late Sunday after Democrats provided just enough votes to advance a measure designed to end the government shutdown.

Eight members of the Senate Democratic caucus joined Republicans on the bill, as the GOP holds a 53-47 majority in the Senate but need 60 votes to advance most legislation.

The Senate is set to send the measure back to the Republican-led House later this week.

The bill would reopen the federal government through Jan. 30 and includes three full-year funding bills.

Write to Kwanwoo Jun at kwanwoo.jun@wsj.com

(END) Dow Jones Newswires

November 10, 2025 21:23 ET (02:23 GMT)

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