South Korean Shares Rebound on Chip Gains

The benchmark KOSPI rose more than 3% to around 8,470 on Wednesday, recovering part of the losses from the previous session as investors returned to semiconductor stocks following a sharp market selloff. Chipmakers led the rebound, with Samsung Electronics and SK Hynix advancing over 6% and 2%, respectively, amid optimism over AI-driven memory demand and ahead of key earnings updates from the sector, including Micron’s results later this week. Other gainers included HD Hyundai Heavy Industries (1.4%), Hanwha Ocean (1.7%), Kia Corporation (1.3%), and Doosan Enerbility (0.8%). Sentiment was also supported by signs of improving risk appetite after oil prices eased as concerns over disruptions in the Strait of Hormuz softened. Meanwhile, MSCI kept South Korea in its emerging-market category, citing ongoing foreign-exchange market accessibility issues and delaying progress toward developed-market status.

Profit
Everyone's racing to cut costs. We're racing to create profit.
Start Selling through Service






