Kospi jumps 9% in 3 days after big crash. Is South Korea's stock market heading for another rally?

South Korea's Kospi index is attempting a recovery, gaining about 9% over three sessions after a sharp crash that left it down more than 24% from its June peak of 9,386. The rebound is led by heavyweights Samsung Electronics and SK Hynix, which together make up just over half the index and jumped up to 6% in the latest session. The recovery coincides with strong AI-driven capital expenditure plans from US tech giants, notably Alphabet raising its annual capex guidance to between $195 billion and $205 billion, while South Korean authorities moved to ban new leveraged single-stock ETFs to curb speculation.