KOSPI's largest one-day gain in history; the unwind's anatomy gets numbers — captured 2026-07-31 EOW

News

KOSPI's largest one-day gain in history; the unwind's anatomy gets numbers — captured 2026-07-31 EOW

Source

Sources: UPI — Seoul shares surge record 18 pct to reclaim 6,500; Korea JoongAng Daily — record 18 percent jump; AP via affiliates — Kospi jumps nearly 18% on chipmaking surge; SpotGamma — Anatomy of a Margin Call; US News/Reuters — portfolio sank 67% in July, letter shows; Seoul Economic Daily — why Nasdaq breathed easier; TipRanks — why BE rallied 7/30

Verification (2026-07-31)

  • KOSPI +17.91% Friday, the largest single-day gain in the index's HISTORY: VERIFIED, multi-source — AP (syndicated wide), UPI, Korea JoongAng Daily. Closed 6,595.45, +1,001.89 points, reclaiming 6,500. Previous record: +11.95% on Oct 30, 2008 (GFC). It followed a three-day slide of more than −17%. Samsung Electronics +28%, SK Hynix +30% (AP). Attributed drivers: the Citadel resolution plus Microsoft earnings easing AI-capex fear.
  • The fund's leverage now has a number: ~4x gross (Sp
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