KOSPI Opens 1% Higher on Plunging US Oil Prices and Expectations of Interest Rate Cuts

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The KOSPI index opened higher on the 29th. This is interpreted as warming investor sentiment in the domestic stock market, driven by easing inflation concerns due to a sharp drop in international oil prices and growing expectations for a Federal Reserve (Fed) interest rate cut, amidst a mixed close in the New York stock market the previous day. On this day, the KOSPI index opened at 6,089.11, up 65.45 points (1.09%) from the previous trading day…