Framing Analysis
The Kospi index advanced more than 4 percent in early trade while Samsung Electronics and SK Hynix posted gains above 4 percent and 7 percent respectively. The move extends a roughly 23 percent recovery from the July 30 low and a 22 percent advance over ten days. Technical indicators including a breakout in the iShares MSCI South Korea ETF accompanied outperformance by memory-chip stocks.