South Korea’s benchmark Kospi index opened 1.2% higher on Thursday, driven by a wave of bargain hunting among local investors.
The sharp advance marks a significant acceleration in buying interest compared to the modest gains seen in previous sessions, suggesting a shift in sentiment as traders look to capitalize on recent valuations.
The rally was broad-based, with domestic investors leading the charge.
This surge in local buying activity provided a counterweight to earlier market caution, lifting the index to open well above the previous close.
The move indicates that retail and institutional players within South Korea are increasingly comfortable with current price levels, viewing the recent market environment as an opportunity for entry.
This development follows a period of relative stability in Asian equities, where risk appetite has been tentative.