South Korean stocks posted their biggest gain in nearly a month, driven by expectations of a rate cut by the Federal Reserve
2025-08-05 07:10:23
South Korean stocks posted their biggest one-day gain in nearly a month on Tuesday as U.S. interest rate cuts look to stoke risk appetite in global financial marekts. South Korea's benchmark KOSPI index closed up 50.25 points, or 1.60 percent, at 3,198.00, its biggest percentage gain since July 8. Out of a total of 934 stocks traded, 687 rose and 190 fell. Net foreign inflows 291.90 billion won ($210.31 million). Markets rallied as a result of a near 100 percent chance of the Federal Reserve cutting interest rates in September, Samsung Securities analysts said. (Kim Ten)
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