South Korean Stock Market Rebounds Amid Global Stability

On February 3, South Korea's stock market experienced a rebound following a sharp sell-off on Monday. According to Jin10, the recovery was driven by a stabilization in global markets and eased concerns over spending on artificial intelligence. The KOSPI index surged by up to 5%, marking its largest increase since April 10. Major contributors to this rise were chip manufacturers Samsung Electronics and SK Hynix, both of which saw gains exceeding 6%. Over the past 12 months, the South Korean benchmark index has more than doubled, making it the best-performing stock index globally. Following last year's significant rise, the current upward trend is at a high level. Daily news dynamics are causing investors to frequently switch between buying and selling, leading to increased market volatility. Local institutions were the main drivers of Tuesday's rebound in the Seoul stock market, with foreign investors also recording net purchases, while retail investors were selling.