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, which weighed heavily on global tech sentiment.
The divergence suggests that local market dynamics are currently outweighing the negative spillover from Wall Street’s chip sector.
While U.S. investors sold off semiconductor names, Korean equities found support, with the Kospi extending its gains in early trading.
This decoupling is notable given the high correlation typically seen between global tech hubs.
The move underscores the resilience of the Korean market amid broader volatility.