Samsung Electronics and SK Hynix Post Record Single-Day Gains

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On July 31, the KOSPI index rose 17% in early trading, with the Fear & Greed Index indicating strong bullish momentum. Samsung Electronics and SK Hynix surged 26% and 29%, respectively, both posting record single-day gains. Together, these two chipmakers account for more than half of the KOSPI’s total market value. Trading volume surged sharply as investor confidence rebounded.

ChainThink reports that, as of July 31, market data showed that on Friday morning, South Korea’s KOSPI index rose as much as 17%, Samsung Electronics shares surged over 26%, and SK Hynix climbed more than 29%, all setting new single-day gain records.

These two chip companies account for more than half of the KOSPI index by market capitalization. The KOSPI had fallen for three consecutive days prior, reaching its lowest level since April 7. On Thursday, the U.S. Philadelphia Semiconductor Index rose 8%, with Micron Technology up 18%.

Microsoft's stock rose 15% on strong earnings, marking its largest gain in 18 years.

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