South Korean stocks rebounded from a 10% rout, with investors refocusing on chipmakers’ earnings after what many saw as a selloff driven by technicals.
The Kospi Index rose as much as 4.2% on Wednesday as Samsung Electronics Co. climbed 10%, bolstered by a report that it may announce a share buyback. SK Hynix Inc. gained more than 5%. Foreign funds continued to sell early in the session, while retail investors added positions.
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