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Seoul Stocks Rebound as AI Earnings Soothe Jitters After Fed Cut

Broadcom’s results lifted tech sentiment in Seoul following a volatile session driven by the Fed’s quarter-point cut.

Overview

  • The KOSPI rose 1.38 percent to 4,167.16 on Dec. 12, snapping a three-day decline.
  • Investors pointed to Broadcom’s better-than-expected earnings as easing AI-bubble concerns and supporting a higher open in Seoul.
  • The prior session closed down 0.59 percent to 4,110.62 after the FOMC cut rates by 25 basis points to 3.5–3.75 percent and Chair Jerome Powell signaled a wait-and-see stance near neutral.
  • SK hynix remains under a Korea Exchange warning that restricts margin buying following sharp gains, though the stock rose 1.06 percent as analysts downplayed broader sector impact.
  • Flows flipped on Dec. 12 with foreigners buying a net 41.3 billion won and institutions 1.41 trillion won while individuals sold 1.46 trillion won, reversing the Dec. 11 pattern of institutional selling and foreign and retail buying.