{"id":576422,"date":"2026-07-31T01:50:08","date_gmt":"2026-07-31T01:50:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/576422\/"},"modified":"2026-07-31T01:50:08","modified_gmt":"2026-07-31T01:50:08","slug":"south-koreas-kospi-index-jumps-more-than-16","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/576422\/","title":{"rendered":"South Korea\u2019s Kospi index jumps more than 16%"},"content":{"rendered":"

BANGKOK (AP) \u2014 South Korea\u2019s Kospi index jumped more than 16% on Friday, tracking Wall Street gains,<\/a> as artificial intelligence-related stocks bounced back after losses this week.<\/p>\n

U.S. futures edged higher and oil prices fell.<\/p>\n

In early Asian trading, the Kospi rose 16.8% to 6,531.71, recovering from losses earlier in the week. Shares of South Korean technology giant Samsung Electronics surged 22.5%, while memory chipmaker SK Hynix soared 27.7%.<\/p>\n

The Kospi index has been volatile this week in part over worries about an AI bubble and rising competition from chipmaking rivals in China. It had plummeted more than 16% on Tuesday and Wednesday on a sell-off of technology stocks, and fell a further 1.2% on Thursday to below 5,600.<\/p>\n

Tokyo\u2019s Nikkei 225 also climbed 5.2% in early Friday trading to 65,072.42. Multinational investment holding company and OpenAI investor SoftBank Group jumped 15.1%, while chip equipment maker Tokyo Electron rose 10.1%.<\/p>\n

Oil prices traded lower early Friday. Brent crude, the international standard, was down 1.1% to $85.92 per barrel.<\/p>\n

On Thursday, Wall Street\u2019s benchmark S&P 500 was up 1.7% to 7,437.63. The Dow Jones Industrial Average added 1.2% to 52,208.06. The technology-heavy Nasdaq composite rose 2.8% to 25,122.18.<\/p>\n","protected":false},"excerpt":{"rendered":"BANGKOK (AP) \u2014 South Korea\u2019s Kospi index jumped more than 16% on Friday, tracking Wall Street gains, as…\n","protected":false},"author":2,"featured_media":576423,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[218,1668,72,113,34070,5468,1595,61,1940,60,160028,6604,3401,18977,541,13153,6627,74271,268],"class_list":["post-576422","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-artificial-intelligence","tag-asia-pacific","tag-business","tag-economy","tag-energy-markets","tag-financial-markets","tag-general-news","tag-ie","tag-information-technology","tag-ireland","tag-oil-and-gas-industry","tag-openai-inc","tag-semiconductor-manufacturing","tag-softbank-group-corp","tag-south-korea","tag-stocks-and-bonds","tag-tokyo","tag-tokyo-electron-ltd","tag-world-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/576422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=576422"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/576422\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/576423"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=576422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=576422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=576422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}