The South Korean KOSPI Index has rebounded once again, following the South Korean Finance Minister's pledge to ease stock market volatility.

August 4th, according to Bitget data, the South Korean KOSPI index once again rose by over 1% intraday, after falling by over 2% at one point.

Earlier, South Korean Finance Minister Hong Nam-ki stated at a cabinet meeting on Tuesday that he would make efforts to stabilize the South Korean stock market. Hong Nam-ki also mentioned that the Finance Ministry will promptly implement the measures announced recently to restrict the use of single-stock leverage ETFs.