South Korea’s Kospi jumps nearly 5% to 7,643, exits technical bear market after 20% slide from June 22 peak
AI Market Summary
South Korea's Kospi surged nearly 5% over a rebound led by semiconductors (Samsung, SK Hynix) and other index heavyweights, pulling the benchmark back above the technical bear-market threshold after a sharp AI-demand scare. The rally signals renewed risk appetite and stabilizing expectations around AI investment and yields, but persistent foreign net selling highlights fragile positioning and the potential for elevated volatility.
Impact level
● Medium
Affected assets
NCSIKOSPI2USD/USDT-0.77%
AI Insight · NCSIKOSPI2USD/USDTAI Insight
▲ Bullish
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South Korea’s Kospi surged nearly 5% on Friday to 7,643 points, taking its two-day gain to about 5.5% and lifting the index out of a technical bear market after a drop of more than 20% from its June 22 high of 9,114.55. Samsung Electronics rose more than 5% and SK Hynix gained 2%, while heavyweights such as Hyundai Motor and LG Energy Solution also advanced. Foreign investors were net sellers of South Korean equities worth 529.1 billion won ($350 million), even as Kospi remains the world’s best-performing stock market of 2026 with a gain of around 76% so far this year.
