Stock markets rise and exchange rates fall as U.S. interest rates cut

As the U.S. lowered its benchmark interest rate by 0.25%p as expected, our stock market and won prices rose.

Today (8th), the KOSPI started at 2,586.7, up 0.86% from yesterday.

It's currently going up and down in the 2,580s.

The KOSDAQ also rose 0.87% to 739.91, and has been moving around 740.

Analysts say investor sentiment has strengthened as the U.S. maintains its rate cut path and uncertainties are resolved.

The won-dollar exchange rate, which had surged for two days a year, has also turned stable.

The won-dollar exchange rate opened at 1,386 won on the Seoul foreign exchange market, down 10.6 won.