Seoul stocks open higher despite first Fed rate hike in over 3 yrs
강재은
2026-09-17 09:03:48
stocks-open
| ▲ Financial data is shown on a screen inside the dealing room of Hana Bank in central Seoul on Sept. 16, 2026. (Yonhap) |
SEOUL, Sept. 17 (Yonhap) -- Seoul stocks opened higher on Thursday, led by gains in tech stocks, despite the Federal Reserve's first rate hike in over three years.
The benchmark Korea Composite Stock Price Index (KOSPI) opened up 61.05 points, or 0.91 percent, to 6,779.02.
Overnight, major stock indexes on Wall Street closed down, after the Fed delivered the first quarter-percentage point rate increase since 2023, to combat inflationary pressures.
The Fed raised its base rate by a quarter percentage point to a range of 3.75 percent and 4 percent.
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