S&P 500 — US Large Cap Index
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
The benchmark KOSPI edged up to around 6,755 on Thursday, extending gains from the previous session as the Fed’s rate hike was largely priced in. The Fed raised its policy rate by 25bp to 3.75%-4.00%, its first increase since 2023, and signaled another hike could come later this year. The move widened the US-Korea rate gap to as much as 1 percentage point, although Korean authorities said its market impact should be limited as the decision was already reflected in asset prices. At the same time, easing oil prices after the US said Saudi Arabia’s damaged East-West pipeline could resume operations within days reduced inflation concerns following the recent surge in crude prices. Additionally, stabilization in global AI and semiconductor shares helped lift technology stocks after recent declines, with Samsung Electronics and SK hynix edging higher. Other gainers included KB Financial Group (2.0%), Doosan Enerbility (2.3%), Hanwha Aerospace (2.9%), and HD Hyundai Heavy Industries (6.9%).
