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The South Korean stock market rebounded on Wednesday, recovering lost ground after a sharp fall on the previous trading day; market concerns about AI capital expenditure eased, the semiconductor sector surged, and the won strengthened against the US dollar at the same time. The benchmark stock index, the Korea Composite Stock Price Index, closed at 5735.66 points, up 182.92 points, or 3.29%, reaching an intraday high of 5816.43 points. This sharp rise prompted the Korea Exchange to trigger a buyers' side car mechanism shortly before 11:00 a.m.: KOSPI 200 stock index futures rose by more than 5%, and programmatic buying was suspended for 5 minutes. This is the first time in two months that the mechanism has been triggered. Large-cap weighted stocks generally rose, with the semiconductor sector leading the way. Samsung Electronics, the market trend, closed up 5.67% to 22,500 won; chip leader SK Hynix rose 5.81% to 1.29 million won. Power equipment manufacturer LS Electric announced that its third-quarter earnings report exceeded expectations. Benefiting from strong demand for AI data centers, the stock price surged 7.02% to 166,100 won.
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The South Korean stock market rebounded on Wednesday, recovering lost ground after a sharp fall on the previous trading day; market concerns about AI capital expenditure eased, the semiconductor sector surged, and the won strengthened against the US dollar at the same time. The benchmark stock index, the Korea Composite Stock Price Index, closed at 5735.66 points, up 182.92 points, or 3.29%, reaching an intraday high of 5816.43 points. This sharp rise prompted the Korea Exchange to trigger a buyers' side car mechanism shortly before 11:00 a.m.: KOSPI 200 stock index futures rose by more than 5%, and programmatic buying was suspended for 5 minutes. This is the first time in two months that the mechanism has been triggered. Large-cap weighted stocks generally rose, with the semiconductor sector leading the way. Samsung Electronics, the market trend, closed up 5.67% to 22,500 won; chip leader SK Hynix rose 5.81% to 1.29 million won. Power equipment manufacturer LS Electric announced that its third-quarter earnings report exceeded expectations. Benefiting from strong demand for AI data centers, the stock price surged 7.02% to 166,100 won.
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