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South Korea's Kospi Index Records Best Day on Record with a 17.9% Surge Following Wall Street Tech Gains

South Korea's Kospi index achieved its largest single-day gain ever, jumping 17.9% to close at 6,695.45 on Friday. The rally was driven by a sharp rebound in technology stocks, particularly chipmakers SK Hynix and Samsung Electronics, which tracked a strong overnight performance on Wall Street. Investor optimism was bolstered by blockbuster earnings from Amazon and Microsoft, signaling that heavy investments in artificial intelligence are beginning to translate into tangible profits. This recovery came after a period of market volatility where investors had briefly dumped technology stocks due to fears of an AI bubble. The surge in the Kospi also reflected a broader regional rally, with Japan's Nikkei 225 climbing 4% and Taiwan's Taiex rising 8%. While the Kospi remains below its June peak, the record-breaking day marked a significant shift in investor sentiment, moving from skepticism toward a more confident stance on the AI-driven tech sector.

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