According to Jin10 data, the South Korean stock market recorded its largest single-day gain in nearly a month on Tuesday, as hopes for a U.S. interest rate cut boosted risk appetite in global financial markets. The South Korean benchmark KOSPI index closed up 50.25 points, or 1.60%, at 3198.00 points.
Among the total of 934 traded stocks, 687 rose and 190 fell. Foreign net inflows amounted to 291.9 billion won (210.31 million USD). Samsung Securities analysts indicated that the possibility of the Federal Reserve lowering interest rates in September is nearly 100%, leading to a market increase.
