The South Korean stock market surged on Friday, rebounding from a sharp decline earlier this week. Big tech companies' spending plans have revived market optimism about AI deals. Korea's Kospi Index once surged 15%, the biggest intraday increase in history. SK Hynix's stock price once soared 28%; SK Group Chairman Choi Tae-won rarely bought shares directly; Samsung Electronics once rose 26%. Korea's Kospi Index has fallen 17% cumulatively over the past three trading days, affected by rising debt levels of the world's largest technology companies and concerns about the threat of competition. With the introduction of leveraged products in May, the sharp rise driven by artificial intelligence this year is becoming increasingly volatile. “Recently, due to deleveraging, position cuts, forced liquidation, and other liquidity factors, artificial intelligence technology stocks have been selling off at an accelerated pace. This market may be stabilizing,” said Shawn Oh, head of Korean current stocks at NH Investment & Securities.

The South Korean stock market surged on Friday, rebounding from a sharp decline earlier this week. Big tech companies' spending plans have revived market optimism about AI deals. Korea's Kospi Index once surged 15%, the biggest intraday increase in history. SK Hynix's stock price once soared 28%; SK Group Chairman Choi Tae-won rarely bought shares directly; Samsung Electronics once rose 26%. Korea's Kospi Index has fallen 17% cumulatively over the past three trading days, affected by rising debt levels of the world's largest technology companies and concerns about the threat of competition. With the introduction of leveraged products in May, the sharp rise driven by artificial intelligence this year is becoming increasingly volatile. “Recently, due to deleveraging, position cuts, forced liquidation, and other liquidity factors, artificial intelligence technology stocks have been selling off at an accelerated pace. This market may be stabilizing,” said Shawn Oh, head of Korean current stocks at NH Investment & Securities.