The KOSPI closed at 6,715.41 on the 17th, down 2.56 points, or 0.04%, after the U.S. Federal Reserve raised its benchmark interest rate for the first time in three years and two months. Much of the move had already been priced in, reducing the immediate shock and removing uncertainty around the Federal Open Market Committee meeting. Foreign investors continued selling, while unresolved risks from the Middle East war, oil above $100 a barrel and high U.S. Treasury yields kept sentiment fragile. Analysts said the index could reach 8,500 if the conflict does not worsen, but could remain around 6,000 if elevated oil prices persist for two to three months or longer. Investors are also monitoring long-term rates, another possible U.S. increase this year and a potential Bank of Japan rate hike on the 18th, which could revive concerns over yen carry trades (borrowing yen to invest elsewhere).