South Korea’s benchmark Kospi index opened higher on Wednesday, extending a multi-day rally in the technology sector.
The positive sentiment was primarily driven by a wave of buying in semiconductor stocks, with investors targeting bargain prices after recent volatility in the chip space.
The rally reflects growing confidence in the sector’s near-term outlook as the market approaches a critical earnings window for major US technology firms.
The Kospi’s advance underscores the continued influence of global semiconductor demand on Asian equities.
Traders are closely monitoring the upcoming earnings release from Alphabet, scheduled for Thursday, as a potential catalyst for further sector-wide movement.
The chip rebound has been broad-based, with both memory and logic manufacturers seeing increased trading volumes as institutional investors adjust their positions ahead of the US reporting season.