South Korean shares rebound over 2% on Friday, ending a streak of steep losses as investors buy large-cap technology stocks after a recent chip selloff. Multiple reports say the KOSPI rises sharply, with gains across major market heavyweights including leading chipmakers and several other sectors.
The rebound is linked to a moderation in the previous session’s declines in semiconductor shares and a shift in global sentiment tied to expectations about U.S. monetary policy. Outlets cite remarks by Federal Reserve chair Kevin Warsh during the IMF-World Bank annual meetings in Bangkok, alongside the latest U.S. inflation data. Korea Times notes producer prices rose more than expected, renewing debate over whether the Fed will keep rates hawkish, while also pointing to Warsh’s optimism about the outlook for the U.S. economy and the role of AI.
Across coverage, investors also watch Wall Street’s overnight performance and U.S. producer price trends for signals on the direction of interest rates. The Korean won is reported to be firmer against the U.S. dollar, supporting risk appetite.
