Kospi Jumps 5% as Asian Chip Giants Stage AI Comeback

South Korea saw its Kospi index surge more than 5 percent during early trading on Wednesday. This move extends a strong market rebound following weeks of heavy selling tied to artificial intelligence valuation concerns. Major regional chipmakers led the charge for a second straight session, helping pull the index away from recent losses.

Japan joined the positive momentum with the Nikkei 225 climbing nearly 2 percent. Major names like Samsung Electronics and SK Hynix spearheaded the recovery. Both firms bounced back hard after suffering sharp pullbacks earlier in the month, though the Kospi remains down over 20 percent for the past month despite strong year to date gains.

Wall Street provided additional fuel when the Nasdaq 100 posted its best session in three weeks, alongside a 5 percent jump in semiconductor shares. Market watchers are split on whether the momentum will hold. Big tech earnings reports arriving this week will likely determine if the chip rally continues or faces another test.