South Korean stocks rebounded on Tuesday after suffering a massive sell-off in the prior day.

The benchmark KOSPI soared 338.41 points, or 6.84 percent, to hit a new closing high of 5,288.08, while the smaller KOSDAQ surged 45.97 points, or 4.19 percent, to finish at 1,144.33.

The KOSPI and the KOSDAQ plummeted 5.26 percent and 4.44 percent each in the previous day.