empty
 
 

09.09.202501:41:33UTC+00KOSPI Extends Gains on Wall Street Strength, Policy Signals

The KOSPI index rose by 0.61% to approximately 3,239 on Tuesday, marking its highest point in over five weeks. This increase represents a continuation of gains for the sixth consecutive session, reflecting the positive momentum from Wall Street's performance on the previous night. Investor confidence was bolstered by weaker-than-anticipated U.S. jobs data for August, which heightened expectations of a likely Federal Reserve interest rate reduction in September. Enhancing the optimistic outlook, Finance Minister Koo Yun-cheol mentioned on Monday that the government might reconsider its earlier proposal regarding capital gains taxation for major shareholders. The initial proposal aimed to reduce the taxable equity holding threshold from KRW 5 billion ($3.61 million) to KRW 1 billion, potentially broadening the tax base significantly. In the corporate realm, technology and financial stocks led the advances, with significant gains seen in SK hynix (1.99%), Samsung Electronics (0.86%), KB Financial Group (0.84%), and Shinhan Financial Group (0.62%).

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $3000 more!
    In September we raffle $3000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback