Semiconductor shares surged across the board on the New York Stock Exchange, staging a strong rebound.
The Philadelphia Semiconductor Index jumped 5.66% during trading Wednesday (local time). Memory chipmaker Micron Technology soared about 12%, while SK hynix's American depositary receipts rose more than 10%.
The broad-based rebound was driven by bargain hunters moving in after a recent sharp selloff in semiconductor shares.
rainbow@heraldcorp.com
