KOSPI Enters Technical Bull Market With 23% Rally Since July Low

South Korea's KOSPI surged over 4% to reach technical bull status, driven by memory chip outperformance and sustained AI capital expenditure optimism.

Woofun AI reports that South Korea's KOSPI index climbed more than 4% in early trading, marking a 23% recovery from its July 30 low and confirming entry into a technical bull market. Samsung Electronics and SK Hynix led the advance, gaining over 4% and 7% respectively, as strong AI-related capital expenditures from global tech firms boosted risk-on sentiment for hardware and memory stocks.

Fundstrat Global Advisors technology strategy head Mark Newton observed that memory chip equities have outperformed the broader technology sector for the first time since June. He noted that the synchronized rally is attracting capital back into tech, though warned that rising Treasury yields or a stronger U.S. dollar could dampen momentum later this month.