Asian stocks rebound as chip selloff eases, Kospi gains almost 3%

Bloomberg · 5 hours ago
Asian stocks rebound as chip selloff eases, Kospi gains almost 3%
  • Asian equities rose as dip buyers stepped in following a chip-stock selloff tied to concerns about the artificial intelligence trade.
  • MSCI's Asia Pacific equities gauge climbed 1%, with five shares advancing for every one that declined.
  • Samsung Electronics and SK Hynix gained in Seoul, helping the Kospi rise almost 3% after slumping on Thursday to its lowest level since April.
  • Crude oil edged lower in the same session.