South Korean equities opened sharply higher on Thursday as investors returned to technology shares following the previous session’s heavy sell-off. The benchmark KOSPI index gained more than 3% shortly after the opening bell, with semiconductor manufacturers leading one of the strongest rebounds seen in recent weeks.
Chipmakers drive recovery
Samsung Electronics and SK hynix spearheaded the rally as investors took advantage of lower valuations after Wednesday’s steep decline. The rebound followed a mixed overnight performance on Wall Street, where technology stocks showed greater resilience than the broader market.
The KOSPI climbed nearly 4% during early trading, reflecting renewed confidence in South Korea’s globally important semiconductor sector despite continuing uncertainty surrounding artificial intelligence trade restrictions and global supply chains.
Investors remain cautious
Although Thursday’s opening was strong, broader market sentiment remains fragile. The previous trading session saw the KOSPI enter bear-market territory following an extended correction from recent highs, highlighting the volatility affecting Asian technology markets.
Geopolitical tensions in the Middle East and rising oil prices continue to weigh on investor confidence, while expectations surrounding future US interest rate decisions remain another key influence on global capital flows.
Outlook for the session
Analysts expect volatility to remain elevated as investors assess corporate earnings prospects alongside international political developments. If semiconductor shares continue to recover, the KOSPI could regain further ground after this week’s sharp correction.
Newshub Editorial – Asia, 9 July 2026
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