Asian equity markets staged a sharp recovery on Thursday, posting their first gains in three sessions as semiconductor stocks led a broad-based rally.
South Korea's Kospi index jumped 3% at the open, rebounding from bear market territory reached in the previous session, while Japan's Nikkei 225 also advanced significantly.
28%, signaling breadth in the recovery beyond large-cap tech names.
The small-cap Kosdaq index added 1.28%, signaling breadth in the recovery beyond large-cap tech names.
The resurgence in chip-related equities provided a critical counterweight to persistent geopolitical anxiety.
Despite ongoing tensions between the US and Iran, which have weighed on risk sentiment in recent weeks, investors appeared willing to rotate back into growth assets.
The semiconductor sector, which had faced selling pressure in Wall Street's mixed close on Wednesday, found renewed buying interest in Asian trading hours.