South Korean stocks rapidly erased losses Wednesday as local retail investors bought into a wave of selling by foreign funds.The Kospi rose 0.3%, reversing an early decline of as much as 3.2%.
Samsung Electronics Co.
pared most of its drop, after briefly plunging as much as 6.1% on its failure to reach a wage agreement with its biggest labor union.Samsung peer SK Hynix Inc.
reversed an early loss, shaking off investor concerns of overheating that dragged down AI-related stocks in New York on Tuesday.
The Korean memory makers’ shares are up more than 100% each so far in 2026.“For Korean equities, the problem is concentration — this market is a two-stock story,” said Dilin Wu, a research strategist....
