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South Korean shares rise as chipmakers gain ahead of Fed outcome
SEOUL: A roundup of South Korean financial markets: South Korean shares rose on Wednesday, lifted by chipmakers after a recent selloff, while investors remained cautious as elevated bond yields and the prospect of a US rate hike weighed on broader risk sentiment. The benchmark KOSPI was up 28.92 points, or 0.44%, at 6,656.18 as of 0257 GMT, after four consecutive sessions of losses. The US Federal Reserve will raise its interest rate on Wednesday and deliver at least one more hike by the end of March, according to a majority of economists polled by Reuters, reversing a fragile no-change consen...
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