KOSPI Surges 3.8% Toward 6,600 as an AI Chip Rally Triggers a Buy-Side Sidecar

Korea’s KOSPI closed at 6,598.26, up 3.76%, after AI semiconductor euphoria from Wall Street triggered a buy-side sidecar and produced 12 limit-up stocks — the most in a day since tracking began in June 2022. Foreigners bought over 1.4 trillion won intraday while retail investors sold.

Midday Update: KOSPI Whipsaws Near 6,200 as Chip Giants Wobble; KOSDAQ’s Surge Triggers a Third Straight Sidecar

A day after a 5.12% plunge, the KOSPI swung from +1.8% to -2.7% intraday before stabilizing near 6,228 by late morning, as Samsung Electronics and SK Hynix steadied. The KOSDAQ was up nearly 5% by late morning, triggering its third consecutive buy-side sidecar as money rotated into biotech, robotics and batteries. Figures for August 4 are an intraday snapshot, not final closes.