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Korean Stocks Rise 22% in Ten Days as Chip Rally Regains Steam

Bloomberg Markets Thursday 13 August 2026, 00:07 UTC By Sangmi Cha 1 min read
Key Points

Korean Stocks Rise 22% in Ten Days as Chip Rally Regains Steam South Korean stocks climbed, putting the benchmark index on track to enter a technical bull market, as a global rebound in the AI trade fueled a rapid reversal from last month’s historic rout. The benchmark Kospi gained as much as 4% on Thursday, extending its gain from a July 30 low to more than 22%. Heavyweight memory chipmakers Samsung Electronics Co. and SK Hynix Inc. drove the advance, each jumping more than 4%.

Korean Stocks Rise 22% in Ten Days as Chip Rally Regains Steam South Korean stocks climbed, putting the benchmark index on track to enter a technical bull market, as a global rebound in the AI trade fueled a rapid reversal from last month’s historic rout. The benchmark Kospi gained as much as 4% on Thursday, extending its gain from a July 30 low to more than 22%. Heavyweight memory chipmakers Samsung Electronics Co. and SK Hynix Inc. drove the advance, each jumping more than 4%.
Korean (ORG) Chip Rally Regains (PERSON) South Korean (ORG) Kospi (PERSON) Samsung Electronics Co. (ORG) SK Hynix Inc. (ORG)
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