{
  "id": 750976,
  "title": "Can the Kospi bull run last? Korean stocks jump 22% in 10 days on AI rally",
  "url": "https://urgent.news/2026/08/13/can-the-kospi-bull-run-last-korean-stocks-jump-22-in-10-days-on-ai",
  "topic": "ai",
  "section": "AI",
  "published": "2026-08-13T09:06:02.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/can-the-kospi-bull-run-last-korean-stocks-jump-22-in-10-days-on-ai-rally/article71340002.ece"
  },
  "original_language": "en",
  "account": "The South Korean stock market, measured by the Kospi index, has experienced a remarkable 22% gain over the past 10 days, buoyed by a resurgence in the global artificial intelligence (AI) sector. This rapid climb represents a stark contrast to last month's significant sell-off, during which the Kospi plummeted by 22% from its July 30 low. The resurgence of interest in tech hardware, particularly memory chipmakers, can be attributed to the massive ongoing AI spending by major global technology companies. Heavyweights Samsung Electronics Co and SK Hynix Inc each surged by more than 5%, contributing significantly to the bullish momentum. The recent government-imposed restrictions on single-stock leveraged ETFs and reductions in margin debt have also played a crucial role in stabilizing the market. Kang DaeKwun, CEO of Life Asset Management, believes the current rally is a natural progression as market sentiment stabilizes after the liquidations of leveraged chipmaker positions. However, he is skeptical about the market's ability to maintain the rally until AI trends stabilize and US interest rates are brought under control. Despite the market's current performance, it remains roughly 25% lower than its late June peak and is up over 60% year-to-date, a trend largely driven by retail investors. The Kospi's recent uptick is viewed positively, with volatility measures indicating a return to calmer conditions. Foreign investors have shown renewed interest in the market, withdrawing $100 billion as valuations fell, but they are now returning as prices have become more attractive. The expansion of AI applications is driving the demand for memory chips, though supply constraints remain a bottleneck, according to Qian Zhang, an emerging markets equities investment specialist at Baillie Gifford.",
  "summary": "Heavyweight memory chipmakers Samsung Electronics Co and SK Hynix Inc drive advance",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}