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.