South Korea’s benchmark Kospi index opened sharply higher on Wednesday, rising 1.86 percent or 152.95 points, in a clear break from the broader global technology selloff.
The rally came despite significant losses in U.S. semiconductor shares overnight, which had dragged down Asian markets in the previous session.
The divergence underscores a resilient local sentiment in Seoul, where investors appear to be discounting the immediate impact of the U.S. tech correction.
This marks a reversal from Tuesday, when the Kospi extended losses driven by a sharp sell-off in major chip stocks that tracked the overnight slump in U.S. technology shares.
The index had closed at a fresh all-time high on Monday, breaking through the 9,100 level for the first time.
That ascent was broad-based but anchored by a continued surge in semiconductor shares, suggesting that local demand for chip names remains strong despite global volatility.