July 31, 2026
Seoul stocks surged by nearly 17 percent Friday morning, as strong gains in chip shares lifted the Kospi nearly 1,000 points and back above the 6,500 threshold. As of 10:20 a.m., the Kospi was trading 16.8 percent higher at 6,530 points, after hitting an intraday high of 6,548.64, up 17 percent, only minutes earlier. The benchmark opened 1.15 percent higher at 5,657.79, before rapidly advancing. A buy-side sidecar was activated at 9:06 a.m., suspending program trading for five minutes. A similar