AI rebound drives South Korea stocks to a stunning Friday rally

South Korea’s Kospi surged about 17.9% on Friday, led by a tech rebound as AI-related shares bounce back; SK hynix jumped around 30% after Chey Tae-won bought roughly $3 million of stock, while Samsung Electronics rose about 27%. The rally was supported by government plans to invest nearly $14 billion into AI-related assets and data centers, with earnings from U.S. tech giants also fueling sentiment.