Asia markets set to rebound after steep selloff; investors watch China’s ‘Two Sessions’

Market Performance - South Korea's Kospi index rebounded over 12% after experiencing its worst single-day decline of 12% on Wednesday, indicating a strong recovery in market sentiment [1][2] - Major companies such as SK Hynix and Samsung Electronics saw significant gains, with increases of more than 15% and 14% respectively [1] - The small-cap Kosdaq also rose more than 11%, reflecting a broader market recovery across Asia-Pacific [2] Economic Factors - The rebound in markets was influenced by improved sentiment following gains on Wall Street and easing concerns over rising oil prices, which had previously driven the sell-off [2] - South Korea's status as a major crude oil importer raises concerns about the impact of fluctuating oil prices on the current account balance and inflationary pressures [3] Long-term Outlook - Despite short-term volatility, the long-term structural drivers for Korean equities are expected to remain intact, with tight demand-supply dynamics in the memory chips sector anticipated to persist through this year and possibly into the next [3] - The Australian S&P/ASX 200 and Japan's Nikkei 225 also showed positive movements, indicating a regional recovery trend [3]