South Korean Stocks Rebound

South Korea's benchmark Kospi index experienced a significant rebound, climbing over 3% in early trading after a sharp selloff in the previous session.

This recovery was primarily driven by a bounce in major semiconductor stocks, buoyed by a ceasefire between Israel and Iran and renewed investor confidence in the artificial intelligence industry.

The earlier plunge was sparked by disappointing earnings and outlooks from companies like Broadcom, leading to substantial foreign outflows.

The current upswing indicates a cautious but positive sentiment returning to the market.