Tech rebound lifts South Korea’s KOSPI to a record 17.9% surge on Jul 31
AI Market Summary
Strong US megacap earnings (Microsoft, Amazon) revived global tech risk appetite, triggering a record KOSPI surge alongside sharp rebounds in SK Hynix and Samsung. South Korea's plan to inject nearly $14B into its sovereign wealth fund for AI and data centers adds a policy tailwind for semis and AI infrastructure. Insider buying at SK Group further reinforced confidence after the recent AI-led selloff.
Impact level
● High
Affected assets
NCSIKOSPI2USD/USDT-3.87%
AI Insight · NCSIKOSPI2USD/USDTAI Insight
▲ Bullish
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Strong results from Microsoft and Amazon helped push the Nasdaq up nearly 3% for the week, sparking a historic rebound in South Korea’s KOSPI. South Korea’s government said it would inject almost US$14 billion into its sovereign wealth fund for AI investment and data-centre construction. SK Hynix jumped 30% in a single session after SK Group Chair Chey Taewon bought about US$3 million of the company’s shares in a personal capacity.
