Korean stocks jumped 8%, with the chip sector rebounding after selling off related to AI.

Storage chip manufacturers' stocks leading a rebound in the South Korean stock market, indicating that investors have not completely abandoned the artificial intelligence craze. The South Korean composite stock price index surged 8% at one point during the trading day. Prior to this, the index had fallen for three consecutive days, cumulatively down 15% from its historical high. Samsung Electronics' stock price had the highest rebound at 9.1%, while SK Hynix's rose over 14%. Driven by the artificial intelligence craze, the index had surged over 100% year-to-date at one point, but this strong market trend quickly reversed on Monday, triggering a circuit breaker and briefly halting trading. Leveraged exchange-traded funds amplified stock volatility, further exacerbating the decline.