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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: KOSPI climbs as chip stocks lead gains before Fed outcome

Kospi SK Hynix United States Samsung US Federal Reserve Interest Rates South Korea

South Korean shares rose on Wednesday, led by gains in heavyweight chipmakers, as investors awaited the U.S. Federal Reserve’s interest-rate decision later in the day.

The KOSPI advanced, with semiconductor stocks providing support after recent weakness in global technology shares. Investors were also closely watching the Fed’s policy guidance for clues on the future path of interest rates.

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