KOSPI Jumps 4.5% as AI Optimism Lifts Global Stocks — SkimNews
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- Global stock markets rose as investors continued to bet on AI, with Asian stocks set to gain on resurgent AI optimism and the dollar holding steady ahead of the Fed decision.
- KOSPI jumped 4.5% as Seoul halted program buying before SK Hynix earnings.
Why it matters: The KOSPI’s 4.5% gain gives investors a concrete measure of the regional equity strength, while Seoul’s halt to program buying before SK Hynix earnings shows the rally coincided with a local market intervention. The dollar’s stability before the Fed decision supplies the counterpoint: equities advanced while the currency held steady.
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