Short positions in South Korean equities have continued to build even as the market rebounds from a selloff driven by chip and artificial intelligence-related stocks. Korea Exchange data published on Sunday showed outstanding short-selling balances stood at about 19 trillion won, or roughly $13.4 billion, as of Tuesday, up 2.27 trillion won, or 14%, from 16.73 trillion won at the end of last month. The figure was 15 trillion won at the end of February, briefly fell to 12 trillion won in early March, and climbed again to 23 trillion won in early June. This month, South Korea's benchmark KOSPI has risen 6%, while the tech-focused Kosdaq has jumped 20%. The rebound follows a sharp decline last month tied to concerns over the profitability of AI-related investment, which could weaken demand for chips. Even so, investors are still concerned that recent gains may have come too quickly and remain uncertain over whether the semiconductor industry has already peaked.