South Korean insurance stocks sold off broadly after Fed Governor Christopher Waller said he could support keeping the benchmark rate unchanged at this month’s Federal Open Market Committee (FOMC), the Fed’s rate-setting panel, if incoming data continued to show disinflation, or slowing inflation. Samsung Fire & Marine Insurance closed 5.56% lower at 663,000 won, after falling as much as 10.26% intraday. The implied probability of a September rate hold rose from 36.8% to 49.5%, while the rate-hike probability declined from 68% to 50.2%. The shift contrasts with hawkish comments from Fed Chair Kevin Warsh and other officials. August CPI data, oil prices and employment indicators remain central to the decision. A hotter inflation reading could revive rate-hike expectations and support insurers, while confirmation of disinflation could extend the sector’s correction.