South Korea's KOSPI rose 3.29%, or 182.93 points, to close at 5,735.67, recovering from a six-month low hit after Tuesday's 3.73% plunge. Samsung Electronics gained 5.67% and SK Hynix rose 5.8%, and the two chipmakers together make up about 44% of the index's value. Foreign investors bought a net 447.1 billion won in early trading, reversing earlier net sales of 18.1 trillion won between Oct. 1 and Oct. 20. The rebound was supported by strong earnings from major U.S. tech firms, a slight easing of the 10-year U.S. Treasury yield to about 5.12%, and a stronger won. Analysts remain divided on whether Tuesday's low marks a bottom or only a short-lived bounce, with SK Hynix's third-quarter results due Oct. 28 and Samsung's on Oct. 29 seen as key.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: KOSPI Surges 3 . 3 % as Samsung and SK Hynix Rally , Rebounding From Six - Month Low on Foreign Buying Return
Read the original on ibtimes.com.au ↗
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Related tickers and likely impact
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/20/2026 | 216.48 |
| Change that session | -0.28% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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