Odaily Planet Daily reports, according to MSX.COM data, the South Korean KOSPI index closed up 1,001.88 points, or 17.91%, at 6,595.44 on Friday, July 31, marking its largest single-day closing gain in history. SK Hynix surged 30%, hitting the daily price limit, while Samsung Electronics rose nearly 27%, both setting new all-time single-day gain records. This week, the index experienced significant volatility, triggering two full-market circuit breakers, and rebounded violently by 18% during today’s trading session. For the month, the index has declined 22.4%, the second-largest monthly drop after the historic 27.2% fall in October 1997, and is now down 30% from its June peak.
KOSPI Index Surges 17.91% on July 31, Posts 22.4% Monthly Decline
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Summary
The Fear and Greed Index reached an extreme low as the KOSPI index surged 17.91% on July 31, closing at 6,595.44. SK Hynix and Samsung Electronics both hit circuit breakers, rising 30% and 27% respectively. On-chain data shows the index rebounded 18% intraday but declined 22.4% for the month—the second-largest monthly drop since 1997. It has now fallen 30% from its June peak.
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