South Korean stocks gain more than 5%, chip shares rebound strongly on dip buying

According to ShenChao TechFlow, on Nov 10, after last week's selloff, investors returned to AI-related investments, lifting South Korean stocks, with heavyweight chip shares performing particularly strongly. In Tuesday's early session, the South Korean KOSPI index jumped more than 5% at one point, while Samsung Electronics and SK Hynix shares each gained more than 5%.

Earlier, comparable U.S. tech stocks had already posted significant gains on Monday; although Nvidia (NVDA.O) shares fell, this did not derail the broader market's rebound momentum. The rally was also supported by lower oil prices. U.S. President Trump had previously said no further strikes against Iran were needed. In addition, AI startup Anthropic released a new AI model ahead of its highly anticipated Wall Street listing, which also supported market sentiment.

Source: ShenChao TechFlow