Global Markets
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IPC Index — Mexico Market
S&P 500 — US Large Cap Index
NASDAQ 100 — Tech Growth Index
Dow Jones — Industrial Average
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
MarketsStocks

Korean Stocks Fall on Chip and Auto Sector Slump

The benchmark KOSPI slipped 0.80% to around 4,003 on Thursday, erasing gains from earlier in the week as weakness in chip and automotive stocks weighed on the index. Samsung Electronics (-1.15%), SK Hynix (-3.44%), LG Energy Solution (-0.60%), SK Square (-5.15%), KB Financial (-1.14%), and Shinhan Financial (-0.88%) were the primary contributors to the decline, whereas Hyundai Motor (3.75%), Samsung Biologics (0.97%), and Doosan Enerbility (0.64%) offered modest support. Despite the overall decline, expectations of a Federal Reserve interest rate cut helped cushion the fall. Weaker-than-expected US economic data reinforced hopes that the Fed will reduce borrowing costs the following week. Officials indicated that a 25-basis-point cut is likely at the December 12 meeting, with further easing possible next year, and Fed funds futures now assign an 89% probability to the move, up from 83.4% last week.

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