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South Korea’s Kospi index jumps more than 13% on a surge of chipmaking stocks
South Korea’s Kospi index surged 13.1% as AI-related stocks rebounded after losses, driven by gains in chipmakers like Samsung Electronics and SK Hynix. The index had previously dropped over 16% due to concerns about an AI bubble and competition from Chinese rivals. Tokyo’s Nikkei 225 also rose 4.9%, with SoftBank Group and Tokyo Electron seeing significant gains.
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