On April 18, the KOSPI rebounded by nearly 2 percent, reclaiming the 2,600 level in just one day. The value of the Korean won and government bonds also rose. This was attributed to the somewhat calming effect on the U.S. dollar’s strength thanks to the joint verbal intervention by the finance ministers of South Korea, the United States, and Japan.
On that day, the KOSPI index closed at 2,634.70, up by 50.52 points, or 1.95 percent, from the previous trading day. Foreign investors and institutions contributed to the rise by buying 580.3 billion won (U$420.51 million) and 68.7 billion won worth of stocks, respectively. However, individuals were net sellers, offloading 657.7 billion won worth of stocks.
The KOSDAQ also closed higher, finishing at 855.65, up by 22.62…
