South Korea’s Kospi index jumps more than 15% on a surge of chipmaking stocks

July 31, 2026

South Korea’s Kospi index saw a significant jump, mirroring Wall Street’s positive performance. AI-related stocks experienced a strong rebound after recent declines earlier in the week. Japanese markets also climbed, with technology and investment firms showing gains. Oil prices increased due to ongoing tensions and a closed key shipping route. Major US indices closed higher on Thursday, indicating a positive market sentiment.

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