FX.co ★ KOSPI Extends Rally on Fed Cut Hopes, Lee–Trump Summit

The benchmark KOSPI index saw an increase of 0.68%, reaching approximately 3,190 on Monday. This marks the third consecutive session of gains, fueled by a boost in investor confidence following indications from Federal Reserve Chair Jerome Powell of a potential interest rate cut at the Fed's upcoming meeting. Further optimism was sparked as leaders of South Korean conglomerates traveled to Washington to participate in a summit between President Lee Jae Myung and U.S. President Donald Trump. This summit, taking place on Monday, aims to bolster the institutional framework of the US–South Korea alliance, align security strategies concerning North Korea’s nuclear program, and demonstrate President Lee's strategic approach to foreign policy, focusing on strengthening ties with Washington while engaging pragmatically with Beijing. In corporate news, SK Hynix rose by 2.19%, LG Energy Solution by 1.90%, and KB Financial Group by 1.48%. However, Hanwha Ocean fell by 2.63%, and Samsung Electronics experienced a slight decrease of 0.14%.