Asian markets rebounded cautiously on Wednesday after a tech-led global selloff. The move renewed concerns over the durability of the AI-driven rally.
South Korea's KOSPI index rose sharply, led by gains at Samsung Electronics.
Investors are watching for results from Micron Technology to assess demand for AI infrastructure. Some strategists expect additional weakness in the semiconductor sector.
Oil prices eased as visibility into tanker traffic improved.
Reported by AI Image generated by AI
Seoul stocks opened sharply higher Tuesday, rebounding from Monday's steep losses as technology shares recovered and news emerged of a ceasefire between Iran and Israel.
Asian stocks rebounded on easing Middle East tensions and a recovery in artificial intelligence shares. South Korea's KOSPI led the gains while Wall Street also advanced.
Reported by AI
Asian stock markets fell sharply as the artificial intelligence driven rally lost momentum. South Korea's KOSPI index halted trading after a steep decline. Investors focused on possible Federal Reserve interest rate increases and fresh inflation figures.
Seoul stocks opened sharply higher on Monday, with the KOSPI index rising more than 1% and hitting a fresh intraday record, despite fading hopes for a US-Iran peace breakthrough over the weekend. US President Donald Trump canceled a planned trip by US negotiators to Pakistan, while Iran's Foreign Minister Abbas Araghchi headed to Russia.
Reported by AI
South Korean stocks opened at a fresh record high Tuesday, with the benchmark KOSPI rising to 8,893.19 amid continued optimism in artificial intelligence-related shares.
South Korean stocks opened at a fresh record high on Monday as investor appetite for tech shares drove gains.
Reported by AI
Korean stocks opened sharply higher Friday following reports that the United States and Iran have reached an agreement to extend the current ceasefire.