South Korean Stocks Rebound Intraday as Samsung, SK Hynix Rise

South Korean stocks rebounded intraday Tuesday, Nov. 10, after three sessions of losses, following a recovery in U.S. technology shares. Global oil prices also fell, easing inflation concerns.

Samsung Electronics was up more than 4%, while SK Hynix was up more than 5%. LG Energy Solution was up 4%, Hyundai Motor nearly 2% and POSCO Holdings more than 3%, while Samsung Biologics was down more than 2%. The intraday gains followed an early-session rebound in South Korean chip stocks.

Foreign investors bought a net 136.2 billion won in South Korean stocks. The won weakened during the session.

The yield on the most liquid three-year Korean government bond rose 1.9 basis points to 3.653%. The 10-year benchmark yield added 0.7 basis points to 3.865%.