Seoul stocks rebound over 3% on eased AI spending woes

South Korean stocks rebounded Wednesday, recovering from the previous session's steep losses as semiconductor shares rallied on easing concerns over artificial intelligence spending. The Korean won strengthened against the US dollar. The benchmark Korea Composite Stock Price Index gained 182.92 points, or 3.29 percent, to close at 5,735.66 after rising as high as 5,816.43. The sharp rally prompted the Korea Exchange to activate a buy-side sidecar shortly before 11 a.m., temporarily suspending pr

Source: The Korea Herald