Seoul shares rally on bargain hunting despite AI spending concerns

Seoul equities expanded their gains late Thursday morning as investors moved to buy the dip in large-cap stocks.

The rally was driven by bargain hunting activity that persisted despite lingering concerns over artificial intelligence spending and broader geopolitical uncertainty.

Yonhap reported that the buying interest helped push the market higher, with technology heavyweights leading the recovery.

Yonhap reported that the buying interest helped push the market higher, with technology heavyweights leading the recovery.

The move marks a continuation of the recent trend in South Korean markets, where individual investors have been actively buying into battered tech stocks following sharp sell-offs.

This pattern of dip-buying has provided support to the benchmark index, which had previously opened higher on Tuesday and extended gains on Wednesday.

The resilience of the large-cap segment suggests that market participants are viewing the recent volatility as a buying opportunity rather than a fundamental shift in sentiment.