SOUTH KOREA AI TRADE JUST WENT FROM PANIC TO EUPHORIA IN 24 HOURS

What happened: South Korea's AI trade rebounded Wednesday, with the Kospi surging as much as 5% and AI cloud operator Elice reversing Tuesday's 32% first-day crash to hit its daily limit-up. Key numbers: Kospi up as much as 5%. Samsung Electronics up as much as 8%, SK Hynix up as much as 9%. S&P 500 rose 0.3%, Dow climbed 1%. Why it matters: The rebound followed a mixed Wall Street session where Nasdaq edged lower on persistent AI spending concerns. Elice's CEO said he is not worried about first-week volatility and expects revenue to at least double this year.

South Korea's AI trade rebounded Wednesday, with the Kospi surging as much as 5% and AI cloud operator Elice reversing Tuesday's 32% first-day crash to hit its daily limit-up.

The rebound followed a mixed Wall Street session where Nasdaq edged lower on persistent AI spending concerns. Elice's CEO said he is not worried about first-week volatility and expects revenue to at least double this year.