
Asian Markets Rally as Kospi Stages Historic 13% Comeback
Kospi surged 12.95% to 6,317.78. Nikkei 225 jumped 4.70% to 64,776. Taiwan Weighted up 6.69%. Hang Seng down 0.35%. Shanghai Composite up 0.92%.
Updated: 31 Jul 2026 • 9:41 am
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Asian markets today rallied hard alongside Wall Street on Friday, as South Korea's battered market made a record comeback, stirring hopes that the recent selloff in AI-linked assets may be running out of steam.
The strength across Asian markets today comes after a volatile stretch for technology and semiconductor-linked stocks globally, with South Korea's Kospi at the centre of both the earlier selloff and Friday's sharp rebound.
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Key Numbers Driving Asian markets today
| Index | LTP | Change | Chg% |
|---|---|---|---|
| Nikkei 225 | 64,776.00 | +2,908.57 | +4.70% |
| Straits Times | 5,621.13 | -52.45 | -0.92% |
| Hang Seng | 25,768.00 | -90.88 | -0.35% |
| Taiwan Weighted | 42,606.17 | +2,672.87 | +6.69% |
| KOSPI | 6,317.78 | +724.22 | +12.95% |
| Jakarta Composite | 6,186.36 | +94.97 | +1.54% |
| Shanghai Composite | 3,839.84 | +35.15 | +0.92% |
Why Kospi Led the Charge Across Asian Markets Today
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South Korea's benchmark had been among the hardest hit in the recent AI-linked asset selloff, given the index's heavy weighting toward semiconductor and technology names. Friday's rebound of nearly 13% reflects both a sharp short-covering move and renewed buying interest as investors reassessed whether the earlier selloff had gone too far.
Taiwan's Weighted Index, also heavily tilted toward chipmakers, mirrored the move with a 6.69% gain, reinforcing the read that Asian markets today strength was concentrated in technology and semiconductor-heavy markets.
What This Means for Indian Markets
A broadly firm session across Asian markets today typically feeds into positive opening cues for Indian benchmarks, since Nifty 50 and Sensex futures often track overnight moves in US and Asian markets. However, Hang Seng bucked the broader trend with a mild 0.35% decline, highlighting that the rally was not uniform across the region.
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Conclusion
Asian markets today closed sharply higher on Friday, led by a historic near-13% rebound in South Korea's Kospi and a strong follow-through in Taiwan, as investors bet that the recent AI-linked selloff may have bottomed out. Indian investors should watch whether this strength carries through into the domestic session, while remaining mindful that regional performance stayed mixed, with Hong Kong's Hang Seng closing lower.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Asian markets today
How did Asian markets today perform?
Ans. Asian markets today rallied broadly with Wall Street, led by a near-13% surge in South Korea's Kospi and a 6.69% jump in Taiwan's Weighted Index, though Hong Kong's Hang Seng closed lower.
Why did the Kospi jump 13% in a single session?
Ans. The Kospi's sharp rebound came after the index had been among the hardest hit in a recent selloff in AI-linked semiconductor stocks, and Friday's move reflected strong short-covering and renewed buying interest.
Which Asian index performed the worst today?
Ans. The Hang Seng was the weakest performer among the major Asian markets today, closing down 0.35% even as most regional indices posted gains.
How does Asian markets today performance affect Indian stocks?
Ans. A strong session across Asian markets today generally supports positive opening cues for Indian benchmarks, since Nifty 50 and Sensex futures often track overnight moves in global markets.
What sector led the rally in Asian markets today?
Ans. Technology and semiconductor-linked stocks led the rally, with South Korea and Taiwan, both heavily weighted toward chipmakers, posting the strongest gains.
Is the AI-linked stock selloff over after this rally?
Ans. It is too early to conclude that the selloff has fully ended; Friday's rebound stirred hopes that the correction may be running out of steam, but investors should track further sessions before drawing firm conclusions.
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