SEOUL, June 24 (Yonhap) — South Korean stocks rebounded more than 3 percent Wednesday as investors snapped up major semiconductor shares following one of the market’s steepest declines on record in the previous session.
After choppy trading, the benchmark Korea Composite Stock Price Index (KOSPI) gained 267.18 points, or 3.26 percent, to close at 8,471.02.
After opening higher, the KOSPI briefly turned negative on heavy foreign selling and fell close to the 8,000-point level before reversing course on strong buying by retail and institutional investors.
Overnight, Wall Street closed lower as sharp declines in memory chip and semiconductor stocks weighed on investor sentiment amid broader concerns about the artificial intelligence sector.
The Korean won was quoted at 1,541.8 won per U.S. dollar as of 3:30 p.m., down 2.7 won from the previous session.
Financial data is shown on a screen inside the dealing room of Hana Bank in central Seoul on June 24, 2026. (Yonhap)
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