South Korea’s benchmark KOSPI rebounded on Nov. 2 after opening 1.62% lower and falling to 5,616.50, reaching 5,849.34 by 12:44 p.m., up 118.60 points, or 2.07%, from the previous session. The recovery was led by semiconductor stocks including Samsung Electronics and SK hynix, which gained 1.56% and more than 4%, respectively, while SK Square rose nearly 4%. The market had been pressured by a sharp decline in major U.S. semiconductor and technology shares, as investors questioned whether artificial-intelligence investment could continue expanding profitably. Solid October semiconductor export data, however, helped ease some concerns. Total exports rose 93.7% year on year to $115.28 billion, while semiconductor shipments surged 259.4% to $56.44 billion. Foreigners and individuals were net sellers of 777.4 billion won and 373.3 billion won, respectively, while institutions bought 887.4 billion won, including 334.3 billion won by pension funds. Other corporations recorded net purchases of 263.3 billion won, a flow understood to include a significant portion of SK hynix’s share buybacks. The KOSDAQ also turned positive after opening more than 1% lower, with institutions buying while foreigners and individuals sold. Semiconductor materials, parts and equipment stocks strengthened alongside the large-cap chipmakers.