South Korean semiconductor stocks surge on the back of Micron earnings

Semiconductor stocks in South Korea soared during Thursday's trading session following the earnings release of of U.S. chipmaker Micron Technology overnight, which bested expectations.

Even though the U.S. chipmaker gave a forecast for its fiscal third quarter that was below Wall Street's expectations, the company predicted that demand will likely begin growing again by the fourth quarter. "Tech was one of the worst performing sectors last year. Year-to-date, it is one of the best performing sectors," said Nigam, attributing some of the recent tech gains to a"rebound" from last year's losses.

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