The benchmark KOSPI soared to a 14 month high owing to strong buying by foreign and institutional investors amid global stock market rallies. Korean shares rose by 2.3 percent to close Thursday.
The rise of the stock market this year is not restricted to Korea: for example the Shanghai composite index rose by 56%.
The question is: what are driving forces behind these rising markets.
According to the Bank of Japan Thursday, the Japanese government might have to buy stock market shares in order to boost share prices and help out Japanese banks and investors. This is nothing new.
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