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KOSPI outlook after record highs: semiconductors, dollar and earnings in focus

South Korean stocks are extending a record-high run, keeping attention on factors likely to drive the market next. The market sees a semiconductor-led rally likely to continue for now despite near-term overheating concerns, but expects sector moves to diverge depending on the U.S. Federal Reserve’s policy rate decision, whether the dollar turns weaker and the direction of international oil prices. Investors are also watching the corporate earnings season for guidance.

Crypto

Fed keeps door open to rate cuts this year; internal views split on war risk

The U.S. Federal Reserve held its policy rate at 3.5 to 3.75 percent at its March FOMC meeting but left open the possibility of rate cuts later this year, minutes showed. Many participants judged that lowering the target range could become appropriate over time if inflation falls along the expected path. Others wanted language leaving room for rate hikes if inflation remains above target. The Middle East war emerged as a key variable, with officials saying it is too early to judge economic effects. FedWatch data showed markets expect rates to remain unchanged by December.

Finance

KOSPI tests support at 5,000, with FOMC, U.S. PPI and Nvidia GTC in focus

South Korean stocks are expected to focus this week on Middle East-driven geopolitical risks that may lift short-term volatility, alongside the U.S. Federal Open Market Committee meeting, the U.S. producer price index and Nvidia’s GPU Technology Conference. The KOSPI ended last week down 1.75 percent at 5,487.24 and the Kosdaq fell 0.15 percent to 1,152.96. Investors will also watch Micron earnings and China data and an LPR decision.