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MarketsConfirmedMediumDeveloping
7.0

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

South Korean equities opened higher on Thursday, bucking the expected negative impact of the Federal Reserve's first rate hike in over three years. The market's resilience suggests investors are focusing on the Fed's forward guidance rather than the immediate tightening, though the sustainability of this risk-on sentiment remains uncertain.

Yonhap ENabout 6 hours agoKR, USengCredibility 25%View source

Score Breakdown

Mosaic Score7.0
Confidence0.5
Significance0.5
Source credibility0.3

Intelligence Tags

Locations

Seoul

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