The stock price of Elice, a South Korean computing power service provider, rose as much as 30%, recovering most of its losses in the 32% drop on the first day of listing. The bright financial reports of US technology companies boosted market sentiment. The stock hit a high of 7,9900 won per share on Wednesday. Referring to Tuesday's sharp decline, Huh Jae-Hwan, an analyst at Eugene Investment Securities, said, “The company's valuation was not cheap, but the decline in stock prices at the time was still excessive.” Note: Ultramicrocomputer released a preliminary quarterly report. The performance was better than the market's unanimous expectations, and US stocks surged after the market; SpaceX's financial report also exceeded expectations. The Korea Composite Index Kospi rose as high as 3.1%, and the small-cap index Kosdaq rose 2.5%.

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