Samsung, SK Hynix bounce back after 10% crash in world’s hottest stock market

The world’s hottest stock market staged a sharp recovery on Tuesday after a sudden 10% plunge wiped out billions in value. Chip makers Samsung and SK Hynix led the rebound, regaining some ground following a wave of profit taking. Investors had sold heavily in recent days, pushing shares down by a tenth. The sell-off was driven by fears that rapid gains had made stocks too expensive. But buyers returned quickly, seeing the drop as a chance to buy at lower prices. Samsung, the world’s largest memory chip maker, rose 4% during the session. Rival SK Hynix gained nearly 5%. The two firms dominate the global market for semiconductors used in artificial intelligence and data centers. Analysts warned that volatility could continue. The market has more than doubled in the past year, making it vulnerable to sharp swings. Still, the quick rebound suggests strong underlying demand for tech stocks.