Korean stocks rebound as US rate concerns ease

Korean stocks experienced a rebound on Friday, with the KOSPI index reclaiming the 6,600 level following a rally on Wall Street and a decline in U.S. Treasury yields, which improved investor sentiment. Foreign and institutional investors turned net buyers after five consecutive days of selling, with net purchases totaling 479.3 billion won ($355 million) and 1.67 trillion won, respectively.

The KOSPI began the session at 6,654.36, up 1.14 percent, and ended the day at 6,687.21, a 1.64 percent increase from the previous close. U.S. stocks also advanced across the board overnight, with the Dow Jones Industrial Average rising 1.18 percent, as Treasury yields steadied. Federal Reserve Governor Christopher Waller's comments, signaling a potential support for keeping interest rates unchanged if inflation data confirm easing price pressures, further bolstered the rally.

Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.