Big investors are shifting to buy South Korean stocks, signaling renewed faith in heavyweight chipmakers despite recent market volatility.

(Bloomberg) -- A rebound in global chipmakers carried into Friday, buoying stocks to end a month that saw a steep derating in this year’s most popular trade on a positive note.

SK Hynix surged nearly 13% and Samsung gained 8% as South Korea's KOSPI rallied 6.24%, signaling renewed confidence in AI memory chip demand.