South Korean Shares Pause Four-Day Rally

The benchmark KOSPI edged down to around 8,710 on Wednesday, pausing a four-day rally, as weakness in global technology stocks and caution ahead of the Federal Reserve’s policy decision weighed on sentiment. Semiconductor shares came under pressure after a selloff in US AI-related stocks, with market heavyweight Samsung Electronics declining and weighing on the broader index. Losses were also seen in Hyundai Motor (-3.9%), Kia Corporation (-2.2%), Hyundai Mobis (-4.1%), and KB Financial Group (-1.7%). Investors also remained wary ahead of the first Federal Open Market Committee meeting under Fed Chair Kevin Warsh, amid concerns that policymakers could signal a more hawkish stance despite expectations that interest rates would remain unchanged. Meanwhile, easing tensions in the Middle East and receding oil-price pressures supported risk appetite and helped limit losses.
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