SoftBank Group Shares Surge 13% as Asian Tech Stocks Track Wall Street Rebound
Samsung Electronics and SK hynix led gains as the Korea Exchange briefly halted program trading after the benchmark index jumped 4.55% at the open.
- On Tuesday, November 10, 2026, the Korea Composite Stock Price Index opened 4.55 percent higher, reaching 5,247.22 as South Korean markets rebounded sharply.
- Investor sentiment improved following overnight gains on Wall Street, as eased military tensions in the Middle East led to a sharp decline in oil prices and calmed inflation fears.
- Market bellwether Samsung Electronics jumped 5.85 percent, while chipmaker SK hynix soared 8.63 percent, with renewed buying in chip names spilling over into Asia following last week's bruising sell-off.
- At 9:06 a.m. Tuesday, the Korea Exchange activated a buy-side sidecar, suspending program trading for KOSPI-listed shares for five minutes due to the sharp index rise.
- Investors remain cautious regarding fresh uncertainties surrounding Nvidia Corp, as the U.S. chipmaker opened an internal probe following reports that CEO Jensen Huang had an affair with a suspected Chinese spy.
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24 Articles
South Korean Stocks Jump as Chipmakers Roar Back on Dip Buying
The KOSPI rebounded sharply on the 10th as the perception spread in the market that the so-called "Blue Wave" shock—in which AI and semiconductor-related stocks plummeted on expectations that the U.S. Democratic Party would tighten regulations on the AI industry—was excessive. International oil prices fell sharply on expectations that the war between the U.S. and Israel, as well as between Iran, would end.
On the 10th, the domestic KOSPI index opened at 5,247.22, up 4.55% from the previous day, driven by a sharp rebound in U.S. semiconductor stocks. While Samsung Electronics and SK Hynix led the rally with significant gains in the early trading session, Nvidia could not avoid a decline due to negative news regarding its CEO.
(Seoul = Yonhap News) Reporter Lim Eun-jin = On the 10th, attention is focused on whether the KOSPI can rebound from its recent sharp decline, influenced by the rebound in U.S. tech stocks and the plunge in international oil prices.
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