South Korea's Kospi Surges 14% in Early Trade as Semiconductor Stocks Rebound from Sharp Declines

Deep News

07/31

South Korea's benchmark Kospi index surged 14% in early trading on Friday, following a cumulative decline of 17% over the prior three sessions.

The sharp recovery was led by a powerful rebound in semiconductor stocks, fueled by a strong overnight rally in their US counterparts. SK Hynix shares skyrocketed more than 27%, while Samsung shares advanced over 20%.

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