Seoul stocks rebounded by more than 2 percent on Friday, ending a seven-day losing streak, driven by an eased chip sector downturn and expectations regarding the Federal Reserve's rate hikes. The benchmark Korea Composite Stock Price Index (KOSPI) rose 113.83 points, or 2.05 percent, to 5,668.05. Investors engaged in bargain hunting for large-cap tech shares, particularly the country's top chip makers, which had tumbled over 10 percent in the previous session. The Korean won also traded higher against the US dollar.