Shares of South Korean chipmakers Samsung Electronics and SK Hynix rebounded on Wednesday after an early selloff, as investors took advantage of lower valuations following a sharp decline driven by concerns over the sustainability of the artificial intelligence-led semiconductor rally, Reuters reported.
Samsung recovered to trade as much as 1.4% higher after initially falling up to 4.4%, while SK Hynix erased early losses and surged as much as 5.8% after dropping as much as 5% at the open. The early weakness mirrored overnight declines in U.S. semiconductor stocks.
