South Korean KOSPI climbs 2.36% but still set for steepest weekly drop since 2008

South Korea's KOSPI jumped 2.36% as bargain hunters stepped in after a sharp sell‑off, yet the index remains on course for its steepest weekly fall since October 2008. The rebound followed a steep decline that had pushed the market lower earlier in the week. Investor mood stayed fragile because traders doubt whether AI‑related spending can be sustained and because foreign investors kept selling. Those worries kept the broader sentiment cautious despite the short‑term gain. ## Context The KOSPI tracks South Korea's major listed companies and its weekly moves often reflect global tech trends and foreign capital flows.