SEOUL STOCKS REBOUND OVER 2 % ON EASED CHIP ROUT , FED BETS

What happened: Seoul stocks rebounded more than 2 percent Friday, ending a seven-day losing streak, on an eased chip rout and bets on the Federal Reserve's rate hikes. The Korean won traded higher against the U.S. dollar. Key numbers: KOSPI closed up 113.83 points, or 2.05 percent, at 5,668.05, after rising as high as 5,809.94. Why it matters: Fed Chair Kevin Warsh voiced optimism on the U.S. economy and AI but did not signal a rate hike this month, reviving appetite for risky assets. An analyst said his positive view of AI's structural growth was meaningful. Coverage: 3 outlets in 24h

Seoul stocks rebound over 2% on eased chip rout and Fed bets.

Seoul stocks rebound over 2% on eased chip rout and Fed bets. — impact context not separately stored; see What changed.