Kospi Jumps Over 5% As Asian Chipmakers Rebound From AI Selloff
2026-07-22 02:08:04
South Korea’s Kospi surged over 5% to 7,164 in early Wednesday trading, extending a rebound from an artificial intelligence stock selloff as Asian chipmakers led gains for a second straight session. Japan’s Nikkei 225 also rose nearly 2% to 67,524.22. According to BeInCrypto, Samsung Electronics and SK Hynix helped drive the recovery, while the Kospi remains down more than 20% over the past month despite being up over 50% year-to-date.
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