Kospi Index Surges 18% in Record Rebound Led by AI Stocks
South Korea’s benchmark Kospi index surged 18% in a record single-day rebound on Friday, tracking Wall Street gains and a recovery in artificial intelligence stocks. Despite the sharp bounce, the index experienced a volatile July where it plunged more than 33% at its lowest point, driven by retail leverage, Chinese chip competition, and earnings pressures. … Read more