Most Popular
-
1
3 out of 4 shops, restaurants plan to stay open during Chuseok: survey
-
2
Blue-skinned teen struggles with identity, alienation in 'Melanin'
-
3
[Hello India] India makes fresh overture to lure Korean financial firms
![[Hello India] India makes fresh overture to lure Korean financial firms](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/09/08/20240908050069_0.jpg&u=20240908191359)
-
4
LGBTQ+ dating app ad taken down 4 days later due to complaints
-
5
NK sends over 1,000 trash balloons to S. Korea in last 5 days
![[Hello India] India makes fresh overture to lure Korean financial firms](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/09/08/20240908050069_0.jpg&u=20240908191359)
-
6
Opposition slams Yoon for failing to secure formal apology from Japan
-
7
Another victim of Japan's wartime sexual slavery dies, leaving 8 survivors
-
8
[Reporter’s Notebook] Why are so many districts in Seoul hopped up on beer fests?
![[Reporter’s Notebook] Why are so many districts in Seoul hopped up on beer fests?](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/09/08/20240908050085_0.jpg&u=20240908172232)
-
9
[Weekender] Feeling lazy but craving tteokbokki? Try a meal kit
![[Weekender] Feeling lazy but craving tteokbokki? Try a meal kit](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/09/06/20240906050704_0.jpg&u=)
-
10
German frigate visits Incheon on Indo-Pacific mission
![[Reporter’s Notebook] Why are so many districts in Seoul hopped up on beer fests?](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/09/08/20240908050085_0.jpg&u=20240908172232)
![[Weekender] Feeling lazy but craving tteokbokki? Try a meal kit](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/09/06/20240906050704_0.jpg&u=)
South Korean stocks started higher Thursday, driven by the US Federal Reserve's rate-cut signals.
The benchmark Korea Composite Stock Price Index (Kospi) gained 18.65 points, or 0.67 percent, to 2,789.34 in the first 15 minutes of trading.
At its rate-setting meeting, the US central bank froze its key rate in the 5.25-5.50 percent range. Chair Jerome Powell said a reduction in policy rate "could be on the table" at its upcoming meeting next month.
The comments pushed up US stocks, with the Dow Jones Industrial Average rising 0.24 percent and the tech-heavy Nasdaq Composite advancing 2.64 percent.
In Seoul, market heavyweights led the upbeat start.
Market bellwether Samsung Electronics added 1.19 percent, and its chipmaking rival SK hynix rose 3.03 percent.
Top automaker Hyundai Motor gained 2.21 percent, and its affiliate Kia increased 1.07 percent.
Leading battery maker LG Energy Solution climbed 1.08 percent, and major defense company Hanwha Aerospace went up 2.08 percent.
The local currency was trading at 1,368.85 won against the US dollar, up 7.65 won from the previous session's close. (Yonhap)
