macro

Seoul stocks climb as chipmakers recover from AI-driven rout

The KOSPI gained 1.57% in early Monday trade as Samsung and SK Hynix bounced back from Friday's AI-related slump, Reuters reported.

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what happened

South Korean shares advanced about 1% on Monday, Reuters reported, as chip producers regained ground after an AI-related sell-off hit the market last week.

The KOSPI rose 1.57% to 5,139.27 in early trading, recovering part of Friday's 6% plunge that pushed it to its weakest close since March 31. A senior government official said problems at Nvidia would not interfere with the GPU shipments South Korea has under contract.

Samsung Electronics and SK Hynix climbed 2.9% and 4.7%, while LG Energy Solution fell 2.37%. Overseas investors were net sellers worth 512.1 billion won. The won traded at 1,360.6 per dollar, strengthening 0.18%.

why it matters

Chip companies carry heavy weight in the Korean index, so their swings set the tone for the whole market. A Kiwoom Securities analyst said a repeat of such a crash looks unlikely unless more weak macro data or AI earnings arrive this week. Persistent foreign selling limits the recovery.

market impact

South Korean stocks: chip rebound supports KOSPI, though foreign selling caps the gains

  • KOSPI pressure up — rebound in semiconductor shares after the sell-off
  • Samsung Electronics and SK Hynix pressure up — renewed buying interest after a steep drop

tags

instruments

KOSPISamsung ElectronicsSK HynixUSD/KRW ↗LG Energy Solution

on polymarket

sources

  1. South Korea shares rise on chip rebound after AI-led selloff — Reuters, 9 November 2026 at 02:33 UTC

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