South Korean Exports Surge 52.3% In Early July On AI Chip Demand, Pushing KOSPI Past 5% And Halting Program Buying
South Korea recorded a 52.3% year-on-year increase in exports for the first 20 days of July, driven by demand for artificial intelligence chips.
Provisional data showed a trade surplus of $12.2 billion for the period. The trade data fueled a rally in Seoul’s KOSPI index, which climbed more than 4.3% to extend a recent rebound. The rapid gain triggered a Korea Exchange buy-side sidecar, halting program buying for five minutes after the benchmark surpassed the 5% threshold. More than $175 billion in market value was added to South Korean equities during the session.
From the sources (11 posts)
@polymarketBREAKING: South Korean exports surge more than 50% YoY for the first 20 days of July, fueled by the AI chip boom.
@reutersasiaSouth Korea July 1-20 exports +52.3% from a year earlier
@financialjuiceS. Korea provisional trade surplus $12.2 billion from July 1-20: customs agency
@financialjuiceS. Korea exports surge 52.3% year on year in July 1-20: customs agency
@firstsquawkKOSPI gains 1.3% as investor sentiment strengthens.
@financialjuiceS.Korea July 1-20 imports rise 20% y/y: customs agency
@firstsquawkSeoul’s KOSPI index gains 3% amid strong buying momentum.
@firstsquawkSeoul’s KOSPI index rises further, advancing 2.8% amid strong market momentum.
@polymarketmoneyBREAKING: South Korean exports surges more than 50% YoY in the first 20 days of July, driven by booming AI chip demand.
@firstsquawkKOSPI Surges 4.35%, Extending Strong Rally In Seoul Stock Market
@bulltheoryioBREAKING: Korea Exchange activates a buy-side sidecar, halting program buying for 5 minutes after the KOSPI surged +5%. Over ₩260,800,000,000,000 ($175 BILLION) has been added to the South Korean stocks as it rebounds from its recent decli