KOSPI surges over 4% as tech rally extends

Seoul's benchmark index continues its multi-day advance, building on a recent 5% jump that briefly reclaimed the 9,000-point level. Investors are positioning ahead of second-quarter earnings data.

By Handelsavisen Newsroom · Automated 2026-07-23 06:38 UTC · 1 min read

South Korea's KOSPI index climbed more than 4% on Wednesday, extending a broad-based rally driven by strong buying interest in the technology sector.

The advance marks the latest leg of a sustained upward move that has lifted investor sentiment across Seoul's equity markets.

The surge follows a sharp 5% jump on Thursday, during which the index briefly breached the psychologically significant 9,000-point threshold for the first time in weeks.

The surge follows a sharp 5% jump on Thursday, during which the index briefly breached the psychologically significant 9,000-point threshold for the first time in weeks.

That earlier session was anchored by a wave of inflows into tech-heavy names, a trend that has persisted into the current trading day.

Market participants appear to be positioning ahead of the release of second-quarter corporate earnings.

The rally reflects growing confidence in the sector's fundamentals, with traders betting on resilient revenue growth despite broader macroeconomic uncertainties.