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After a recent sell-off, South Korea's stock market rallied as concerns about overspending on artificial intelligence eased, sending the country's chip shares higher.
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Nasdaq futures rise as Wall Street rebounds; South Korea's Kospi soars 15%: Live updates cnbc.comSouth Korea's Kospi index jumps nearly 18% on a surge in chipmaking stocks AP NewsKorean Stocks Jump Record 15% on Renewed AI Trade Optimism Bloomberg.comSouth Korean stock market soars 18% as investors pile back into AI Financial Times
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The stock-market selloff in July looks more like a stress test than a breaking point.
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