South Korea's benchmark KOSPI index pulled off a stunning turnaround on Monday, ultimately closing sharply higher by 1.80% at 5,768.01 points.
The session was marked by dramatic swings throughout the day. In early trading, the index was dragged down by heavy losses in US technology stocks and growing concerns over the monetization of AI infrastructure, plunging as much as 3.17% to 5,488.41 points at the open.
Subsequently, strong support from retail investors and bargain-hunting funds ignited a powerful rebound, carving out a long bullish candlestick and successfully securing a second consecutive day of gains on the daily chart.
Tech Giants' Stock Performance
As the market's bellwether, the semiconductor "twin stars" also experienced a harrowing deep-V trajectory from "intensive care" to "celebration" today.
Samsung Electronics ultimately closed up 0.93% at 217,500 Korean won.
Intraday movements: The stock faced fierce selling pressure right at the open, briefly breaking below a key psychological threshold and touching a low of 206,500 Korean won, a drop of more than 4%.
In the afternoon, as overall market sentiment reversed completely, a surge of buying orders poured in, successfully pushing the stock into positive territory and forming a pattern of stabilization after the decline.
SK Hynix ultimately closed down 1.89% at 1,248,000 Korean won.
Intraday movements: As the leader in high-bandwidth memory (HBM), its early decline was even more severe, plummeting to 1,208,000 Korean won at one point, hitting a new intraday low in nearly six months.
Although it failed to close in positive territory, it ultimately recovered the majority of its intraday losses of nearly 5%, greatly alleviating market fears of a cascading collapse in technology stocks.
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