Kospi Surges Record 18%

SeoulThe Kospi’s largest single-day gain ever followed its steepest three-day rout.

Samsung Electronics and SK Hynix, both memory chipmakers, dominate the index’s weight, so Korea’s benchmark moves on hyperscaler spending decided in Redmond and Seattle.

Microsoft’s earnings eased AI-spending fears Thursday; whether the capex cycle actually held is still untested.

Sources: Yonhap News Agency