KOSPI Erases Intraday 2% Loss as SK Hynix Turns Higher

The significance here is less the size of the rebound than where it came from: a single chipmaker reversing was enough to pull the whole benchmark back from a sharp intraday drop, which says a lot about how concentrated index direction has become in semiconductor names. That cuts both ways, since the same weight that lifted the KOSPI can drag it. Whether the recovery holds into the close, or proves to be a brief intraday bounce driven by one stock, is the open question worth watching.