Global Equity Markets Surge on Semiconductor Rally

Global equity markets experienced a significant surge on Friday, July 31, 2026, driven by a rally in semiconductor companies and positive corporate results. The growth eased investor concerns regarding technology valuations and the sustainability of artificial intelligence spending.

Samsung Electronics and SK Hynix Inc. led the gains in South Korea, where the KOSPI benchmark rose nearly 18%. Samsung shares rallied 27%, while SK Hynix Inc. shares jumped 30%.

Other major global indexes, including the Dow Jones Industrial Average, S&P 500, and Europe's DAX and CAC 40, also traded with gains. In related markets, the Dollar Index rebounded following a three-day decline, crude oil prices increased by nearly 2%, and gold prices fell more than 1%.