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KOSPI Rebounds on Nvidia Beat as Chip Giants Lead Rally

Nvidia’s blowout quarter eased AI valuation jitters.

Overview

  • The KOSPI rose 1.92% to 4,004.85, snapping a two-day slide after opening 2.58% higher at 4,030.99 and briefly gaining about 3% intraday.
  • Samsung Electronics climbed 4.25% to 100,600 won and SK hynix added 1.6% to 571,000 won, with broader tech and industrial names such as Naver and Doosan Enerbility also advancing.
  • Foreign investors bought a net 645.66 billion won and institutions purchased 761.95 billion won, while retail investors sold 1.39 trillion won.
  • The South Korean won traded near 1,468 per U.S. dollar at the close, weakening slightly from the prior session.
  • The rebound followed Wednesday’s tech-led decline and concerns over an AI stock bubble, which had coincided with heavy foreign selling and sensitivity to U.S. policy cues.