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Finance & Markets

Inflation jumps to four-month high a day after RBA rate rise

The consumer price index climbed from 3.5 per cent in July to 4 per cent in August. Higher housing costs and elevated petrol prices are to blame.

Inflation jumps to four-month high a day after RBA rate rise

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[Opening Market] AI Tailwinds Lift KOSPI Above 6,940

The KOSPI rebounded above 6,940, overcoming pressure from elevated U.S. interest rates on growing optimism over artificial intelligence (AI) investment.

  • KOSPI index breaks 6,940, rising 1.06%
  • Foreign investors net buy 61.8 billion won, institutional add 17.6 billion won
  • AI investment plan of $518 billion fuels market sentiment

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