SK Eternix shares surge on AI power demand hopes

Shares of SK Eternix, an energy unit of SK Group, have more than doubled over the past month as investors bet that AI-driven power demand will boost South Korea's renewable energy sector.

The stock closed at 80,900 won($55.35) on Friday, up 114.6 percent from a month earlier.

Over the same period, the Kospi fell 20.9 percent, while shares of SK hynix, the group's flagship chipmaker, dropped 31.2 percent.

The rally accelerated this week, with the stock gaining 44.9 percent over the past five trad ...