KOSPI jumps 3.54% as chip stocks rebound on oil price hopes and AI earnings

The Korea Composite Stock Price Index (KOSPI) jumped 3.54% and Japan's Nikkei 225 gained 1.43% on Wednesday morning, led by chip stocks. Oil prices fell on hopes of US-Iran talks, which steadied long-term interest rates and attracted dip buyers. However, oil is only part of the rebound, as Super Micro Computer surged after an earnings surprise, and technical buying followed Tuesday's KOSPI plunge of over 3%.