Chip Stocks Rally Strongly on "Buy the Dip" Momentum, Korean Stocks Surge Over 5%

Odaily Report: According to Gate data, the Korean KOSPI index surged more than 5% at one point during Tuesday morning trading, with Samsung Electronics and SK Hynix both posting gains of over 5%.

After last week's sell-off, investors returned to AI-related investments, driving Korean equities higher, with heavyweight chip stocks performing particularly strongly. U.S. tech peers had already recorded significant gains on Monday; despite Nvidia (NVDA.O) shares declining, this did not hinder the broader market's rebound momentum.

The rally was also buoyed by falling oil prices. U.S. President Trump previously stated that no further strikes on Iran were necessary. Additionally, AI startup Anthropic released a new AI model on the eve of its highly anticipated Wall Street listing, which also provided support for market sentiment.