Overview

• The KOSPI climbed 15.49 points, or 0.49 percent, to 3,205.4 in late-morning trading on Aug. 13
• July U.S. inflation undershot forecasts, boosting expectations of a Federal Reserve rate cut in September
• Foreign investors were net buyers while institutional and individual investors continued to sell
• Chipmaker SK hynix and energy shares led gains as Samsung Electronics and shipbuilders weighed on the benchmark
• Three- and five-year government bond yields ticked higher and the won traded in a narrow band around 1,386–1,389 per dollar