South Korea's Kospi index soared over 16% on Friday, driven by a recovery in major chipmakers like Samsung Electronics and SK Hynix following U.S
Samsung surged 21% and SK Hynix 26% as KOSPI rebounded 17%, driven by Microsoft and Amazon's strong AI/cloud earnings and robust chip results. Supply-demand for memory chips favorable through 2027 signals sustained AI infrastructure confidence despite recent semiconductor volatility.
Samsung shares jumped over 21% and SK Hynix soared over 26%
Jul 31, 2026
09:40 am
What's the storySouth Korea's benchmark KOSPI index staged a remarkable recovery on Friday, soaring 17% to recover most of the losses incurred earlier this week.
The rally was driven by strong gains in major chipmakers Samsung and SK Hynix, mirroring a similar recovery in US tech stocks.
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South Korea’s Kospi index jumps more than 13% on a surge of chipmaking stocks
South Korea's Kospi index jumps more than 15 pc on a surge of chipmaking stocks
South Korea’s Kospi index jumps more than 16% on a surge of chipmaking stocks
South Korea’s Kospi index jumps more than 13%, tracking Wall Street gains, on a surge of chipmaking stocks
