South Korean equities rebounded after Tuesday’s roughly 10% sell-off, with
investors shifting attention back to chip companies’ earnings after a decline
widely viewed as technical. On Wednesday the KOSPI rose as much as 4.2%
intraday; Samsung Electronics jumped up to 10% on a report it may announce a
share buyback, and SK Hynix gained more than 5%. Foreign investors continued to
sell in early trade while retail investors increased holdings.