Renewed optimism around AI is fueling a strong rebound in South Korean stocks!
The KOSPI rose more than 4% intraday, following overnight gains on Wall Street.
Samsung Electronics and SK hynix, the index’s two largest constituents, are both major suppliers of memory chips for AI servers.
Volatility has surged recently: the KOSPI has recorded daily moves of 3% or more in seven of the past 12 trading sessions, compared with just four such sessions throughout 2024.
Despite the strong rebound, the index remains more than 35% below its record closing high of around 9,114 in June, leaving considerable ground to recover.
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