South Korea's KOSPI Surges Nearly 12% After Record One-Day Decline

South Korea's KOSPI index rebounded sharply, rising up to 12% after its largest one-day drop, driven by gains in chipmakers Samsung Electronics and SK Hynix. The recovery was supported by reports of potential U.S.-Iran diplomatic talks and stabilizing global oil prices. Authorities briefly halted program trading amid volatility, while the government signaled readiness to deploy a 100 trillion won market stabilization fund. Despite the rebound, some analysts remain cautious due to ongoing Middle East tensions and uncertain market direction.