The benchmark index bounced after nearly 10% losses over the previous two trading days, with chip stocks leading and a brief halt to program buying triggered in futures trading.
South Korea’s KOSPI rebounded as much as 5.5% on Friday after nearly 10% declines over the previous two trading days, with Samsung Electronics and SK Hynix both rising more than 9%. The Korea Exchange briefly halted program buying after KOSPI futures surged, while local funds bought shares sold by foreign funds and retail investors. Reports that Anthropic PBC is in talks with Samsung on custom AI chips added to support for heavyweight technology names.