Bullish
KOSPI rebounds over 16% as chipmakers like Samsung Electronics surge.
The KOSPI index experienced a significant recovery, rising over 16% on July 31, 2026, driven by a strong rebound in chipmaking and AI-related stocks. Samsung Electronics and SK Hynix led the surge, with their shares increasing by 21% and 24.6%, respectively. This rally was fueled by Microsoft's exceptional earnings report, which reassured investors about the profitability of AI investments. Despite the strong recovery, the KOSPI remains below its June peak of over 9,000.
Key points
- Samsung Electronics' shares surged by 21%, and SK Hynix's by 24.6%, leading the KOSPI's recovery.
- Microsoft's strong earnings report boosted investor confidence in AI-related stocks.
- The KOSPI remains below its June peak of over 9,000, indicating room for further growth.
Sources
AI-generated from public news sources. Not financial advice.
