South Korea KOSPI rebounds 2.36% but heads for huge weekly loss
In short
South Korea’s KOSPI rose 2.36% after a sharp selloff. Buyers stepped in again, but the market was still headed for its biggest weekly drop since October 2008.
This matters because worries about AI spending and foreign selling are hurting confidence. The report does not say how large the weekly fall will end up or which stocks were hit most.
What the reporting says
South Korea’s KOSPI rebounded 2.36% after a steep selloff, but it remained on track for its biggest weekly decline since October 2008. The reporting says bargain hunting helped the recovery, while concerns about AI investment sustainability and continued foreign selling weighed on sentiment. The exact size of the weekly loss is not stated in the available reporting.
Why it matters
South Korea’s KOSPI index bounced 2.36% after a steep selloff, but it was still tracking for its biggest weekly decline since October 2008. The source says bargain hunting supported the rebound, while concern over AI investment sustainability and continued foreign selling hurt sentiment. The move highlights pressure on South Korean equities, but the report does not state the final weekly loss or any company-specific impact.