South Korean equities opened higher on Thursday, with the benchmark index gaining 2.74 points at the start of trading.

The positive sentiment was primarily driven by a wave of buying in technology shares, particularly within the semiconductor sector.

The rally follows a stronger-than-expected earnings report from US memory chipmaker Micron Technology, which has helped lift investor confidence in the broader tech sector.

Micron’s results have served as a catalyst for regional semiconductor stocks, reversing some of the recent selling pressure that had weighed on the sector.

This move comes after a period of volatility for technology shares, including a severe sell-off in US markets the previous day.

Wall Street had attempted to stage a recovery on Wednesday, but the sentiment remained fragile until Micron’s positive data provided a clear signal of underlying demand strength in the memory chip market.