Seoul shares ended higher as investors speculated that the US Federal Reserve may pause its plan to raise interest rates. The benchmark Korea Composite Stock Price Index increased by 0.35 percent, with trading volume at a moderate level. Institutions bought more stocks than foreigners and individuals sold, resulting in a net increase in stock holdings. The boost in Seoul shares was influenced by a rally on Wall Street, driven by positive economic reports on consumer confidence and job openings. This raised hopes that the Fed will slow down its rate hikes and possibly reduce rates next year. It is widely expected that the US central bank will maintain the current interest rates in September. In Seoul, the performance of large-cap stocks varied. Companies like Samsung Electronics, SK hynix, Hyundai Motor, and LG Energy Solution saw gains, while others like HMM, Hybe, and E-Mart Inc. experienced declines. The Korean won fell against the US dollar.
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