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The threshold for a technical bull market is a 20% gain from a recent closing low. South Korea's Kospi cleared that mark on Thursday, completing a recovery that took roughly one month.
The catalyst: the return of the AI trade. What the designation means A technical bull market is arithmetic, not sentiment.
When a benchmark index rises 20% from its trough, it signals that sustained buying has absorbed and reversed the prior selling pressure.
That the Kospi reached that point inside a single month implies concentrated buying rather than gradual accumulation. A recovery compressed into roughly 30 days narrows the candidate explanations.
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