South Korea's benchmark Kospi index surged 2.1% late Friday morning, reversing a recent downturn as domestic investors aggressively targeted undervalued semiconductor names.
The rally came after a sharp sell-off in the previous session, with traders viewing the dip as a buying opportunity in the country's most critical export sector.
The Kospi opened 1.2% higher before extending gains, marking a significant acceleration in buying interest compared to the modest advances seen earlier in the week.
The Kospi opened 1.2% higher before extending gains, marking a significant acceleration in buying interest compared to the modest advances seen earlier in the week.
Local retail investors led the charge, snapping up bargain-priced shares in major chipmakers including Samsung Electronics and SK Hynix.
This wave of domestic buying has become a recurring theme, having previously driven the index higher on Thursday and Wednesday as well.
The sustained interest from local investors suggests a floor is forming for Korean equities, despite broader market volatility.