The Zhitong Finance App learned that after experiencing a fierce sell-off in the first three trading days of this week, the Korean stock market faced an epic counterattack today (Friday). The benchmark KOSPI index once rose as high as 14% intraday, making it the biggest one-day increase in history. Tech giants SK Hynix and Samsung Electronics led the rebound, surging 28% and 26% respectively. Behind this reversal, the global AI investment narrative regained confidence, and a rare “bottom break” signal from those at the helm of the group temporarily repelled the liquidity crisis caused by high leverage.
Zhitongcaijing · 3d ago
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The Zhitong Finance App learned that after experiencing a fierce sell-off in the first three trading days of this week, the Korean stock market faced an epic counterattack today (Friday). The benchmark KOSPI index once rose as high as 14% intraday, making it the biggest one-day increase in history. Tech giants SK Hynix and Samsung Electronics led the rebound, surging 28% and 26% respectively. Behind this reversal, the global AI investment narrative regained confidence, and a rare “bottom break” signal from those at the helm of the group temporarily repelled the liquidity crisis caused by high leverage.
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