Korean stocks rose over 5%, with chip stocks staging a strong rebound driven by "buy the dip" sentiment.

On November 10, after a wave of selling last week, investors returned to artificial intelligence-related investments, pushing South Korea’s stock market higher, with large-cap chip stocks performing particularly strongly. During Tuesday’s early trading, South Korea’s KOSPI index surged more than 5%, while shares of Samsung Electronics and SK Hynix each climbed over 5%.

Previously, similar US tech stocks had already posted solid gains on Monday; despite a dip in Nvidia’s (NVDA.O) share price, this did not halt the broader market’s rebound. The rally was further supported by declining oil prices. US President Trump previously stated that no further actions against Iran were necessary. Meanwhile, AI startup Anthropic launched a brand-new AI model on the eve of its highly anticipated Wall Street debut, providing additional support to market sentiment.