Stock markets in Japan and South Korea posted sharp gains on Wednesday, driven by a resurgence of investor confidence in artificial intelligence hardware.
The rally was spearheaded by semiconductor stocks, with Micron Technology and SK Hynix leading the charge as traders digested positive signals from the sector.
The rebound in Asian equities follows a period of volatility, with South Korea's KOSPI index recovering significantly from a nearly 10% plunge recorded in the previous session.
This upward momentum comes as a counterbalance to weakness in energy markets, where oil prices fell to their lowest levels since February.
The rebound in Asian equities follows a period of volatility, with South Korea's KOSPI index recovering significantly from a nearly 10% plunge recorded in the previous session.
The benchmark climbed 4.1% in the first 30 minutes of trading, erasing much of the earlier losses.
This rapid recovery underscores the sensitivity of regional markets to shifts in sentiment regarding the AI supply chain and semiconductor demand.