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South Korea's KOSPI Rebounds 18% on July 31 After Worst Month Ever; Index Still Down 22% From June

Indices AI Industry News

2026-08-05 12:57:19

MSFT-1.36%

Samsung Electronics-0.40%

According to Bitcoin.com News, South Korea's KOSPI index rebounded 18% on July 31 after plunging 33% throughout July, marking the index's largest one-day jump on record and the worst calendar month in its history. The rebound was fueled by the forced liquidation of Leopold Aschenbrenner's AI hedge fund, which lost 67% in July amid leveraged bets, and an overnight rally on Wall Street where Microsoft's earnings beat lifted the Philadelphia Semiconductor Index 8%, benefiting Samsung Electronics and SK Hynix. Despite the recovery, KOSPI remains about 22% below its late-June record high and has continued sliding since August 4.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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