South Korea's stock market is expected to open higher on Wednesday, boosted by an overnight rise in the US semiconductor and storage sector. The Korea Composite Index retreated at the end of Tuesday. Before the South Korean market is closed on Thursday, the index needs to maintain early trading gains on a volumetric basis in order to confirm that the initial rebound in this round is sustainable. On a trading day led by technology stocks, Micron and SanDisk were among the top three contributors to the S&P 500 index's gains. The general market benchmark index closed flat, but the Philadelphia Semiconductor Index rose more than 2%, and the overall memory chip sector rose 4.3%. Korean stock index futures are higher, and local storage giants are expected to follow the rise. Against a backdrop conducive to boosting risk appetite, Nasdaq 100 futures rose in early trading on Wednesday, while WTI crude oil futures declined further. As South Korea usheres in the holidays and Micron Technology releases earnings next week, the sharp sell-off of overseas funds over the past few weeks has kept offshore accounts low, and they are poised to rebuild their positions before the end of the quarter.

South Korea's stock market is expected to open higher on Wednesday, boosted by an overnight rise in the US semiconductor and storage sector. The Korea Composite Index retreated at the end of Tuesday. Before the South Korean market is closed on Thursday, the index needs to maintain early trading gains on a volumetric basis in order to confirm that the initial rebound in this round is sustainable. On a trading day led by technology stocks, Micron and SanDisk were among the top three contributors to the S&P 500 index's gains. The general market benchmark index closed flat, but the Philadelphia Semiconductor Index rose more than 2%, and the overall memory chip sector rose 4.3%. Korean stock index futures are higher, and local storage giants are expected to follow the rise. Against a backdrop conducive to boosting risk appetite, Nasdaq 100 futures rose in early trading on Wednesday, while WTI crude oil futures declined further. As South Korea usheres in the holidays and Micron Technology releases earnings next week, the sharp sell-off of overseas funds over the past few weeks has kept offshore accounts low, and they are poised to rebuild their positions before the end of the quarter.