KOSPI Reclaims 7,000 Mark as Alphabet Earnings Rally Chipmakers; KOSDAQ Triggers Buy Sidecar
KOSPI surges 4.40% to 7,096.89 on foreign net buying of 2.14T KRW following Alphabets AI capex boost. KOSDAQ jumps 5.22% triggering a buy sidecar.
KOSPI surges 4.40% to 7,096.89 on foreign net buying of 2.14T KRW following Alphabets AI capex boost. KOSDAQ jumps 5.22% triggering a buy sidecar.
S&P 500 holds flat while Nasdaq slips 0.56% as investors scrutinize Alphabet and Tesla Q2 AI capex. European markets rally led by energy stocks as Brent crude clears $94.
KOSPI rises 0.74% after an intraday surge above 7,000 triggers a buy sidecar for the second straight day. Foreign buying in Samsung Electronics and SK Hynix lifts tech sentiment.
S&P 500 (+0.89%) and Nasdaq (+1.29%) snap losing streaks as chipmakers surge and General Motors beats Q2 earnings expectations, overriding oil price gains.
South Koreas KOSPI rebounds 3.56% triggering a buy sidecar on foreign bargain hunting in Samsung and SK hynix. Chinese markets jump as CSI 300 rises 2.72% following LPR resolution.
Dow falls 0.6% as Middle East geopolitical risks push crude prices higher, while Nasdaq stays flat as semiconductor bargain hunting offsets broader market pressures.
KOSPI and KOSDAQ suffer heavy losses triggering sell sidecars amid global tech rout and semiconductor peak-out fears. Meanwhile, Tokyo was closed for Marine Day, and Chinese markets edged higher.
S&P 500 and Nasdaq extend weekly losses as semiconductor fatigue triggers a broader risk-off sell-off, while escalating US-Iran tensions push crude prices higher.
Asian markets fell sharply on July 17 as AI and semiconductor selling hit the Nikkei, TAIEX and China, while South Korea was closed for Constitution Day and oil jumped on Iran tensions.
US and European markets fell on July 16, 2026. Nasdaq Composite fell 1.48% due to AI valuation and chip sell-offs.