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The Nexus
BUSINESSJul 31 · 01:23 UTCAP NEWS

South Korea’s Kospi index jumps more than 15% on a surge of chipmaking stocks

South Korea’s Kospi index surged 15.3% driven by chipmaking stocks like Samsung Electronics and SK Hynix, reversing earlier declines linked to AI market concerns. The Nikkei 225 in Japan also rose 5%, while oil prices increased due to U.S.-Iran tensions and Hormuz Strait disruptions.

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