Korea's Kospi Index rose 4.7% at one point, with chip stocks leading the way. Overnight, a sharp rise in US semiconductor stocks and a fall in oil prices improved market sentiment. The Kospi Index rose for the second day in a row. “Supported by favorable macroeconomic factors such as falling oil prices, lower interest rates, and stronger US semiconductor stocks, the main sectors of the Kospi Index may generally strengthen and enter a recovery phase,” said Shawn Oh, head of Korean cash stocks at NH Investment & Securities. The Philadelphia Semiconductor Index closed up 6.6% on Tuesday, with Broadcom and Micron contributing significantly. According to some reports, the 2027 memory chip production capacity has been sold, which has further boosted market sentiment.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.