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The Nexus
BUSINESSJul 31 · 01:28 UTCWPLG LOCAL 10 MIAMIAssociated Press

South Korea’s Kospi index jumps more than 16% on a surge of chipmaking stocks

South Korea’s Kospi index surged 16.8% driven by gains in AI-related chipmaking stocks like Samsung Electronics and SK Hynix. The index had previously fallen over 16% due to concerns about an AI bubble and competition from China, but rebounded following Wall Street gains and a recovery in technology stocks.

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