KOSPI Jumps 16% in One Day but Stays 30% Below June Record

South Korea's KOSPI soared over 16% on July 31, 2026, closing at 6,369.71, up from 5,593.56 — a gain driven by chipmaking stocks on renewed AI enthusiasm, per the Wall Street Journal. The index still sits roughly 30% below its June 22 record close of 9,114.55, meaning it remains in bear-market territory by the standard 20% threshold despite the rebound.