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Seoul stocks open higher despite first Fed rate hike in over 3 years

Seoul stocks opened higher on Thursday, led by gains in tech stocks, despite the Federal Reserve's first rate hike in over three years. The benchma...

The Korea TimesYonhap查看原文 ↗
The benchmark KOSPI is displayed at a dealing room of Hana Bank in Seoul, Thursday. Yonhap
The benchmark KOSPI is displayed at a dealing room of Hana Bank in Seoul, Thursday. Yonhap

Published Sep 17, 2026 9:20 am KST

The benchmark KOSPI is displayed at a dealing room of Hana Bank in Seoul, Thursday. Yonhap

Seoul stocks opened higher on Thursday, led by gains in tech stocks, despite the Federal Reserve's first rate hike in over three years.

The benchmark Korea Composite Stock Price Index (KOSPI) opened up 61.05 points, or 0.91 percent, to 6,779.02.

Overnight, major stock indexes on Wall Street closed down, after the Fed delivered the first quarter-percentage point rate increase since 2023, to combat inflationary pressures.

The Fed raised its base rate by a quarter percentage point to a range of 3.75 percent and 4 percent.

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