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Kospi opens higher amid rate cut hopes

Published: 26 Nov. 2025, 10:50

A screen in Hana Bank's trading room in central Seoul shows the Kospi opening on Nov. 26. [YONHAP]

Shares started higher Wednesday, tracking overnight gains on Wall Street amid hopes for the Federal Reserve's rate-cut decision.

The Kospi added 21.6 points, or 0.56 percent, to 3,879.38 in the first 15 minutes of trading.

U.S. stocks finished in positive territory as investors bet on another Fed rate cut at its December meeting.

The Dow Jones Industrial Average rose 1.43 percent, and the Nasdaq composite gained 0.67 percent.

In Seoul, market bellwether Samsung Electronics rose 0.82 percent.

Leading battery maker LG Energy Solution advanced 3.39 percent, and defense giant Hanwha Aerospace went up 1.51 percent.

Top carmaker Hyundai Motor climbed 1.36 percent, and energy firm Doosan Enerbility rose 3.67 percent.

SK hynix, however, fell 2.6 percent following its key customer Nvidia's weak performance.

The local currency was trading at 1,463.85 won against the greenback at 9:15 a.m., down 0.58 percent from the previous session of 1,472.4 won.

Yonhap