South Korean stocks rose 22% in ten days, putting the benchmark index on track for a technical bull market after a global AI trade rebound reversed a historic rout from July 30. The Kospi climbed as much as 4.8% on Thursday, extending gains from the July 30 low to roughly 22%. Heavy‑weight memory chipmakers Samsung Electronics Co. and SK Hynix Inc. each jumped more than 5%, driving the rally.

The market’s surge reflects renewed investor confidence in AI‑related technology and a shift away from last month’s steep decline. Analysts say the momentum may sustain if chip demand stays strong and macro‑economic conditions improve. The benchmark Kospi is expected to enter a technical bull market, a milestone that could attract further foreign inflows and reinforce the AI‑driven rally.

Investors are watching upcoming earnings reports and macro data for confirmation of the trend. The rally also boosted broader sentiment across sectors such as technology, green energy, and crypto, as seen in the expanded market data and opinion sections of the Bloomberg platform. Overall, the rapid ascent signals a potential sustained uptrend for Korean equities, especially those tied to semiconductor production.

This could pave the way for further gains in the coming weeks.