Seoul’s benchmark Kospi index closed higher on Tuesday, marking a second consecutive day of gains as the semiconductor sector continued to lead the market rally.
The positive momentum followed a stronger-than-expected earnings report from a major US memory chipmaker, which helped restore investor confidence in the broader chip industry.
Investors moved to buy back into chip stocks, targeting bargain prices after a recent period of volatility.
The rally was broad-based across the technology sector, with semiconductor names outperforming the wider index.
Market participants viewed the sustained buying interest as a sign that the worst of the recent sell-off may be over, at least in the short term.
The Kospi had opened higher on Thursday, continuing a multi-day rally driven by strong performance in the technology sector.