Korean Stocks Rebound on Wall Street Gains

The benchmark KOSPI rose 0.54% to around 4,015 on Friday, rebounding modestly from the previous session’s losses following overnight gains on Wall Street.US stocks climbed as cooler-than-expected inflation data boosted expectations for further Federal Reserve interest rate cuts.Strength in US technology stocks subsequently supported South Korean technology firms, with SK Hynix (1.63%), HD Hyundai Heavy Industries (2.38%), Hanwha Aerospace (3.06%), Doosan Enerbility (0.54%), and Hanwha Ocean (5.12%) posting notable gains.Conversely, Samsung Electronics (-0.93%), LG Energy Solutions (-2.64%), Kia Corporation (-1.33%), and Samsung Biologics (-1.61%) weighed on the index.