South Korean stocks surged over 5% after heavyweight chipmakers Samsung Electronics and SK Hynix rebounded on dip buying, as investors re‑entered the AI trade. The Kospi’s rally was fueled by a drop in oil following President Donald Trump’s comments on Iran and new AI models from Anthropic PBC ahead of its IPO. Analysts say the gains show investors are refocusing on fundamentals despite the Jensen Huang scandal affecting Nvidia.
Korea’s market, down more than 40% from its summer peak, is seen as disproportionately sold off versus Taiwan and Japan, positioning its chipmakers to lead a recovery. Key events include Anthropic’s IPO marketing kickoff and Nvidia’s upcoming earnings report.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing