South Korean stocks surge 22% in 10 days, nearing bull market

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โดย Money & Banking·KR·Read original
Summary · why it matters

South Korea's Kospi index has surged 22% in just 10 days and is entering a technical bull market, driven by buying in chip and AI stocks led by Samsung Electronics and SK Hynix, which rose more than 5% in trading on Thursday, August 13, 2026, according to Bloomberg News. The recovery marks a rapid reversal from the historic sell-off in July, when the index plunged as much as 22% in a single month, its worst monthly performance since the global financial crisis. Key support has come from the latest earnings of major global technology companies, which show that AI infrastructure spending and investment remain enormous, along with a cooler-than-expected US inflation report that eased concerns the Federal Reserve would accelerate interest rate hikes, and expectations that Samsung Electronics and SK Hynix may soon announce plans to boost shareholder returns. However, foreign investors remain net sellers, having withdrawn more than 100 billion dollars from the South Korean stock market this year, even as some overseas funds have begun returning after valuations fell to more attractive levels.

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Semiconductors▲ · 1 stocks
Artificial Intelligence▲ · 1 stocks
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