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KOSPI Closes Higher as BOK Holds Rate, Lifts Growth Outlook

A steady policy signal helped offset weakness tied to Nvidia.

Overview

  • The KOSPI opened lower after Nvidia's after-hours slide, then reversed into gains by late morning.
  • The Bank of Korea kept the base rate at 2.5% and nudged its 2025 growth forecast to 0.9%.
  • The index closed at 3,196.32, up 0.29%, with institutions net buying 326.3 billion won as foreigners and retail investors sold.
  • Finance, defense and shipbuilding led advances, chips were split with Samsung Electronics down 1.42% and SK hynix up 3.27%, and battery makers fell.
  • The won firmed to 1,387.5 per dollar and three- and five-year government yields edged up to 2.416% and 2.576%.