South Korea's KOSPI rose more than 1% on Thursday, rebounding from a two-week
low as semiconductor names tracked overnight gains on Wall Street. U.S. equities
rallied on Wednesday after three straight days of declines, prompting investors
to buy previously oversold stocks and sectors. Broadcom said on Wednesday it
expects strong AI-chip sales over the next two years, providing fresh evidence
of continued demand for AI infrastructure; investors are still assessing returns
on large AI investments. Of 907 KOSPI-listed stocks traded, 568 advanced and 304
declined. Foreign investors were net sellers of KRW 210.3 bln (about $155.1m) of
Korean equities.
