Driven by expectations of the Federal Reserve to cut interest rates, South Korea's stock market hit its biggest gain in nearly a month."
South Korea's stock market hit its largest one-day gain in nearly a month on Tuesday as the United States cut interest rates in hopes of stimulating risk appetite in global financial markets, Internet reported. South Korea's benchmark KOSPI index closed up 50.25 points, or 1.60%, at 3,198.00, its largest percentage gain since July 8. Of a total of 934 stocks traded, 687 rose and 190 fell. The net inflow of foreign capital was 291.9 billion won (US$210.31 million). Analysts at Samsung Securities said the probability of the Federal Reserve cutting interest rates in September was close to 100%, and the market rose. (Jin Shi)
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.