South Korean stocks fell for the second consecutive trading day as investors remained cautious ahead of the Federal Reserve's decision. The Korea Composite Stock Price Index (KOSPI) dropped 1.29% to 2,456.81 points. Among major stocks, Samsung Electronics fell 2.52%, while SK Hynix rose 2.62%. LG Energy Solution saw a decline of 3.89%.
In the bond market, the yield on the three-year South Korean government bond increased to 2.622%, up from the previous close of 2.562%. The yield on the ten-year bond rose by 6.4 basis points to 2.791%.
Investors widely expect a 25 basis point rate cut by the Federal Reserve, with potential policy tightening anticipated by 2025 due to inflation concerns during the Trump administration.
