South Korean equities rebounded sharply on Friday, with the Kospi jumping nearly 6%, led by strong gains in heavyweight stocks like Samsung Electronics and SK Hynix. The recovery came after earlier losses driven by a global tech selloff and concerns that the AI-driven rally may be peaking.

South Korean stocks plunged nearly eight percent at close Thursday as tech giants Samsung and SK hynix tumbled on fears of slowing AI chip demand. The slide on the Kospi market…

Samsung Electronics and SK Hynix shares plunged as much as 14% as South Koreas Kospi extended its sharp selloff for a second day. The decline was triggered by renewed concerns…