South Korean Stocks Enter Technical Bull Market with 22% Gain in 10 Days; AI Chip Rally Resurging?
South Korea's KOSPI index has rebounded approximately 22% over the past 10 trading days, with Samsung Electronics and SK Hynix both posting single-day gains of nearly or exceeding…
South Korea's KOSPI index has rebounded approximately 22% over the past 10 trading days, with Samsung Electronics and SK Hynix both posting single-day gains of nearly or exceeding 5%. Sustained increases in AI capital expenditure by global tech giants, moderating U.S. inflation data, tightened regulations on leveraged ETFs by South Korean authorities, and the upcoming shareholder return plans worth hundreds of trillions of won from the two chip giants have collectively driven a strong rebound from July's historic selloff.
Original: https://wallstreetcn.com/articles/3779364
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