As nations across the globe grapple with a surge in borrowing costs, almost none enjoy the option now being eyed in South Korea: deploying a major new source of cash to simply cut back on selling debt.

South Korea’s exports extended their strong growth in July, reinforcing signs that artificial intelligence-driven demand continues to underpin the economy and strengthen the case for further monetary tightening.

South Korea pledged additional measures to stabilize the stock market and curb retail access to leveraged exchange-traded funds after a rout that wiped billions of dollars off investors’ holdings.