KOSPI Jumps 3% as Foreigners Return, But Caution Remains
The KOSPI saw a strong 3% rally on April 4, marking the first day of net buying from foreign investors in 12 sessions, with Samsung Electronics and SK Hynix leading the charge. However, market sentiment remains divided; former JPMorgan strategist Marko Kolanovic has labeled the bounce "bizarre" and warned that the index could face a 25% correction. Ongoing tensions in the Middle East and rising oil prices continue to weigh on the outlook, while profit-taking from retail investors is capping gains on the KOSDAQ.
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