![The KOSPI and the won per dollar are displayed on the electronic display of Hana Bank's dealing room in Jung-gu, Seoul on the 18th. [Photo = Yonhap News]](https://www.newsbeep.com/il/wp-content/uploads/2025/09/news-p.v1.20250918.2e32d2de6f644ea8a486523ea7793784_P1.png)
사진 확대 The KOSPI and the won per dollar are displayed on the electronic display of Hana Bank’s dealing room in Jung-gu, Seoul on the 18th. [Photo = Yonhap News]
The KOSPI reached a new intraday high in two days.
The KOSPI is up 1.12% from the previous trading day to 3,451.4 as of 1:40 p.m. on the 18th. Samsung Electronics, the KOSPI’s market leader, rose 2.43 percent to 80,100 won, with SK Hynix, the second-largest market cap, fluctuating from 344,500 won, up 6.3 percent.
The KOSPI rose to 3,457.62 at one point, renewing its all-time high during the day. The previous high was 3452.5, which was recorded on the 16th.
Last night, the U.S. Federal Reserve (Fed) cut its benchmark interest rate by 0.25 percentage points at the FOMC (Federal Open Market Committee) in September seems to have affected it.
The Fed announced on the 17th (local time) that it has decided to lower the benchmark interest rate from 4.25% to 4.50% to 4.00 to 4.25%. This is the first rate cut of the year.