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SK Hynix stock price rises over 15%, chip stocks rebound after AI sell-off, South Korean stock market surges 8%

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ME AI Message, according to MSX.COM data, SK Hynix stock price rose over 15%, memory chip manufacturers led the rebound in the Korean stock market, and the Korea KOSPI index once surged 8%, after previously falling 15% from its all-time high during three consecutive days of decline. Samsung Electronics rebounded as much as 9.1%, indicating that investors are not yet ready to give up on the AI craze. Previously, driven by AI, a dramatic rally pushed the Korea KOSPI index to a year-to-date increase of over 100%, but this rally quickly unraveled on Monday, triggering a circuit breaker due to excessive decline, causing a brief trading halt. Leveraged ETFs amplified the volatility of the underlying securities, further intensifying this downturn. Samsung Securities analyst Lee Jongwook stated that volatility has become significant, but this is due to changes in market structure rather than a cyclical directional shift. The analyst advised investors to maintain their current positions or add to them when opportunities arise after selling off. (Source: ODAILY)
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