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BUSINESSJul 31 · 08:50 UTCWPLG LOCAL 10 MIAMIBy ELAINE KURTENBACH and CHAN HO-HIM, Associated Press

South Korea’s Kospi index jumps nearly 18% on a surge in chipmaking stocks

South Korea’s Kospi index surged 17.9% to a record single-day gain, driven by a rebound in AI-related and chipmaking stocks like Samsung Electronics and SK Hynix. The rally followed Microsoft’s strong quarterly profit report, signaling confidence in AI investments, while global stock indices also rose and the dollar rebounded against the yen.

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