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KOSPI Rebounds Nearly 1% on Optimism Over U.S.-Japan Trade Talks

South Korean stocks closed higher as institutional investors drove gains, supported by trade progress and a steady interest rate policy from the Bank of Korea.

This photo shows a dealing room at Hana Bank in central Seoul on April 17, 2025. (Yonhap)
This photo shows a dealing room at Hana Bank in central Seoul on April 17, 2025. (Yonhap)

Overview

  • The KOSPI rose 0.94% to close at 2,470.41 on April 17, recovering from the previous day's losses.
  • Investors were encouraged by progress in U.S.-Japan tariff negotiations, which could signal future trade discussions involving South Korea.
  • Institutional investors were net buyers of 346.2 billion won, while foreign and retail investors trimmed positions.
  • The Bank of Korea maintained its key interest rate at 2.75%, citing concerns over currency fluctuations and household debt.
  • The Korean won strengthened to 1,418.9 per U.S. dollar, reflecting shifts in market sentiment.