Seoul shares surge record 18 pct to reclaim 6,500-point level on chip rally
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Source: South Korea
Published: 2026-07-31 16:36 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: South Korea, Technology & AI, Financial Markets, Tax & Budget, Technology
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Snippet:
SEOUL, July 31 (Yonhap) -- South Korean stocks skyrocketed by a record 18 percent to reclaim the 6,500-point level Friday, driven by robust semiconductor gains as better-than-expected Microsoft earnings eased concerns over artificial intelligence (AI) spending. The local currency rose sharply against the U.S. dollar.
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