KOSPI rises slightly despite interest rate cut, semiconductors plunge

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KOSPI rises slightly despite interest rate cut, semiconductors plunge

On the 19th, when the news of the U.S. Federal Reserve's (hereafter, the Fed) benchmark interest rate was announced, the domestic stock index rose only slightly. It is evaluated that the effect of the interest rate cut was offset as semiconductor stock prices fell due to factors such as the U.S. investment bank Morgan Stanley lowering its target stock price. According to the Korea Exchange (KRX), the KOSDAQ index closed at 2,580.80, up 5.39 poin…