KOSPI rebounds on 'US interest rate cut'... Re-enters the 3440 level [fn morning market]

[Financial News] KOSPI rebounded in just one day on news of the first US interest rate cut this year.
According to the Korea Exchange on the 18th, as of 10:47 a.m. that day, KOSPI is trading at 3441.76, up 28.36p (0.83%) from the previous day.
In the securities market, individuals are net buying 75.9 billion won, while foreigners and institutions are net selling 58.2 billion won and 26 billion won, respectively.
By industry, electricity/electronics (2.55%), manufacturing (1.35%), and securities (1.18%) are strong, while metals (-1.85%), electricity/gas (-1.49%), and construction (-1.10%) are weak.
Among the top market cap stocks, SK Hynix (4.80%), Kakao (3.20%), and Samsung Electronics (1.92%) are on the rise, while Hanwha Aerospace (-2.14%), KB Financial (-1.94%), and Samsung Life (-1.55%) are on the decline.
At the same time, KOSDAQ is trading at 855.39, up 9.93p (1.17%) from the previous day. Foreigners and institutions are buying 66.4 billion won and 49.5 billion won, respectively, while individuals are selling 90.1 billion won.
The Federal Reserve (FED) held the Federal Open Market Committee (FOMC) on the 17th (local time) and lowered the interest rate from the existing 4.25~4.50% to 4.00~4.25%.
  

koreanbae@fnnews.com Bae Hangul Reporter