KOSPI Rises Over 1% on Hopes of US Rate Cut, Surpasses 3,900 Mark [fn Morning Market Briefing]

[The Financial News] As expectations for a US interest rate cut grow, both the Korea Composite Stock Price Index (KOSPI) and Korea Securities Dealers Automated Quotations (KOSDAQ) are showing gains of over 1% on the 26th.
As of 10:10 a.m. today, the KOSPI is trading at 3,908.24, up 1.31% from the previous session. The index opened at 3,891.88, a 0.88% increase from the previous close, and has maintained its upward momentum in early trading.
In the KOSPI Market, foreign investors and institutions have net purchased 15.9 billion KRW and 394.3 billion KRW, respectively, while individual investors have net sold 408.7 billion KRW.
Overnight, all three major indices in New York closed higher. On the 25th (Eastern Time), the Dow Jones Industrial Average (DJIA) finished at 47,112.96, up 1.43% from the previous session on the New York Stock Exchange (NYSE). The Standard & Poor's 500 Index (S&P 500) and NASDAQ Composite Index (NASDAQ Composite) also rose by 0.91% and 0.67%, closing at 6,765.88 and 23,025.59, respectively.
By sector, construction (3.64%), machinery and equipment (3.54%), and general services (3.42%) are all posting strong gains of over 3%.
At the same time, the KOSDAQ is up 1.58% from the previous session, standing at 869.52.
In the KOSDAQ market, foreign investors and institutions have net purchased 56.6 billion KRW and 29.2 billion KRW, respectively, while individual investors have net sold 67.3 billion KRW.

elikim@fnnews.com Kim Mi-hee Reporter