CNBC
South Korea stocks have entered bull market in about a month as AI trade roars back
* Kospi enters technical bull market with 4% surge on AI trade revival
* Samsung Electronics and SK Hynix lead gains as memory stocks rebound
* Fundstrat sees near-term upside for South Korea and memory stocks
South Korean stocks rallied Thursday, with the Kospi surging over 4% into a technical bull market. The rebound from July lows now stands at roughly 23%, driven by Samsung Electronics and SK Hynix gains of 4% and 7%. Fundstrat's Mark Newton highlighted a breakout in the iShares MSCI South Korea ETF and improving memory-chip performance, signaling further near-term upside. Newton cautioned momentum could fade if U.S. yields and the dollar rise later this month.
August 12, 2026 at 9:19 PMKRX