FOREIGN CAPITAL INFLOWS TO CHIP UNITS CONTRIBUTED TO A SHARP INCREASE OF MORE THAN 8 PER CENT IN KOREA'S KOSPI INDEX

ON WEDNESDAY, 15 JULY, SEOUL'S STOCK MARKET RETURNED TO ITS 7000-POINT MARK, AND, WITH THE RETURN OF RISK PREFERENCES AND INCREASED FOREIGN BUY-IN, KOREA'S KOSPI INDEX BOARD SURGED OVER 8 PER CENT. BY 2.30 P.M. LOCAL TIME, FOREIGN CAPITAL NET PURCHASES WORTH 2.4 TRILLION WON (ABOUT $1.61 BILLION) WERE MORE THAN DOUBLE THE AMOUNT OF NEARLY 1 TRILLION WON THE PREVIOUS DAY. INSTITUTIONAL INVESTORS NET BUY OUT 180 BILLION WON, WHICH IS SLOWER THAN TUESDAY. BULK INVESTORS WERE THE ONLY NET SELLERS WHO SOLD SHARES WORTH NEARLY 2.5 TRILLION WON. KIM XIAN