Asian stock markets staged a sharp rebound on Tuesday, a day after a broad AI sell-off hit the region’s chipmakers.
South Korea’s Kospi benchmark jumped 8.2 per cent, Japan’s Nikkei 225 index rose 2.2 per cent and Taiwan’s Taiex closed up 2.8 per cent. The rallies came a day after the tech-heavy indices fell by similar margins.
Chipmakers Samsung Electronics and SK Hynix, which make up about 40 per cent of South Korea’s stock market, rose 9 per cent and 15.9 per cent respectively. They had closed down 10.2 per cent and 7.7 per cent on Monday.
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