South Korea's 'Bipolar' Stock Market: Meltdowns, a Record Rally, and What's to Come The Korean stock market's 14% surge last Friday was a stark reversal of fortunes, capping a month of wild swings that have left investors bewildered.
Behind this turbulent ride lies the country's increasing ties to the global artificial intelligence trade – and a growing sense of unease among experts.
The benchmark Kospi's record rally has been fueled by upbeat earnings from top US tech firms, SK Group Chairman Chey Tae won's confidence boosting share purchases, and foreign investors' buying spree.