Huo Xing Finance reports that, as of July 31, market data shows the South Korean KOSPI index closed up 1,001.88 points, or 17.91%, at 6,595.44, 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%, making it the second-largest monthly drop on record after the 27.2% fall in October 1997, and it has now fallen 30% from its June peak.
KOSPI Index Surges 17.91% on July 31, Records Second-Largest Monthly Decline of 22.4%
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Summary
The KOSPI index surged 17.91% on July 31, closing at 6,595.44 after a 1,001.88-point rally—the largest single-day gain in history. SK Hynix and Samsung Electronics hit their respective 30% and 27% daily price limits. On-chain data shows extreme volatility triggered two circuit breakers this week. For the month, the index declined 22.4%, marking the second-worst monthly drop since October 1997. The Fear & Greed Index remains at a low level, down 30% from its June peak.
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