South Korean stocks set to rise September 4 as Fed freeze odds hit 49.5%

  • Samsung Electronics and SK Hynix gained in pre-market trading on September 4.
  • Fed freeze odds rose to 49.5% from 36.8% in one day.
  • South Korea’s previous KOSPI session ended 16.76 points higher at 6,579.48.

South Korean stocks are poised to open higher on September 4 after dovish comments from Federal Reserve officials lifted expectations for a September rate pause and supported global risk appetite. Samsung Electronics rose 0.80% to 252,000 won and SK Hynix gained 0.75% to 1.608 million won in pre-market trading, positioning both for their first rebound in three sessions. Fed Governor Christopher Waller said he would support keeping rates at current levels if inflation continues moving toward the 2% target, while warning that renewed inflation could prompt a hike. The implied probability of a September rate freeze rose to 49.5% from 36.8% in one day. U.S. stocks, led by technology shares, posted broad gains, while Treasury yields fell for a second session. South Korea’s market remains supported by large share buybacks, although analysts warn that the KOSPI could face a buying-power gap if foreign investors do not return before those programs end. Investors are now watching the Federal Open Market Committee (FOMC) decision, U.S. technology earnings, South Korea’s semiconductor conditions and upcoming U.S. inflation and employment data.

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South Korean stocks set to rise September 4 as Fed freeze odds hit 49.5% - CoinPost Terminal