South Korean Stocks Rise on U.S. Rate Cut Speculation

SEOUL — South Korean stocks closed higher for the second day running, buoyed by investor optimism over potential U.S. interest rate cuts. The Korea Composite Stock Price Index (KOSPI) recorded a gain, reflecting positive sentiment from Wall Street and anticipation of monetary policy adjustments by the U.S. Federal Reserve.

According to Yonhap News Agency, Market dynamics saw a mix of buying and selling across different sectors, with notable movements in shares of major corporations such as Samsung Electronics and SK hynix. The session underscored the influence of global economic expectations on local market performance, with the Korean won experiencing slight depreciation against the U.S. dollar. The trading session highlighted the active participation of foreign and institutional investors, contributing to the market's upward trajectory amidst ongoing economic developments.

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