South Korea's KOSPI recovered early losses to finish higher on Monday, rallying
more than 1% intraday after an initial drop near 2% amid Wall Street weakness
and concerns about large AI-related corporate spending. October exports nearly
doubled YoY, the largest gain in over 50 years, led by stronger chip shipments
tied to global AI investment; Kiwoom Securities said the market looks oversold
while fundamentals and earnings prospects are improving, and the export beat
increases the chance of upward revisions to consensus earnings. A separate
survey showed manufacturing activity slowed to an eight-month low on weaker
output and demand. South Korea's Lee pledged bold AI investment to raise growth
potential.
