South Korea’s benchmark KOSPI index surged 4.1% in the first 30 minutes of Wednesday trading, marking a dramatic reversal from the nearly 10% plunge recorded the previous day.
The sharp recovery was driven by a rush of retail investors buying the dip, particularly in the semiconductor sector, which had been heavily impacted by the broader global technology selloff.
The rebound signals a potential stabilization in Asian tech equities, which had faced steep losses in the prior session.
While U.S. technology stocks continued to face pressure, South Korean markets decoupled briefly as domestic buying interest returned.
The semiconductor-heavy index saw significant volume as traders sought to capitalize on the oversold conditions.
This volatility underscores the sensitivity of the Korean market to global tech sentiment, particularly given the country's heavy weighting in chipmakers like Samsung Electronics and SK Hynix.