South Korean Stocks Rebound on AI Confidence

South Korean stocks have seen a notable rebound, as the benchmark Kospi index recovered more than 3% after an earlier 8% plunge.

This upward movement was largely fueled by strong performances from major semiconductor shares, indicating renewed investor confidence in artificial intelligence technologies.

The market surge was also positively impacted by reports of a ceasefire between Israel and Iran, easing geopolitical tensions.

This combination of technological optimism and regional stability has provided a significant boost to the South Korean stock market.