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Finance

KOSPI faces rebound test as Samsung Electronics and SK Hynix shareholder returns in focus

South Korea\'s stock market will test the scope for a rebound this week as investors weigh the U.S. Federal Open Market Committee meeting and major earnings at home and abroad. With doubts persisting about the profitability of AI investment, semiconductor results and future investment plans are expected to shape sentiment. SK Hynix reports third-quarter earnings on Oct. 28 and Samsung Electronics releases final third-quarter figures on Oct. 29, with attention on HBM demand, capex and shareholder returns.

Finance

Bank of Korea holds base rate at 3.00 percent, checks external uncertainty before further hikes

The Bank of Korea held its benchmark interest rate at 3.00 percent, citing increased uncertainty surrounding the Middle East situation and major countries\' monetary policies. The central bank said it will decide whether to raise rates further after reviewing the effects of two earlier hikes. All seven members of the Monetary Policy Board backed the decision. The board said tightening is still needed, but it must check spillover effects as uncertainties expand.

Finance

Gold rebounds after two-week slide as Fed rate outlook shifts

Gold rebounded after two weeks of declines as markets increasingly price in the likelihood that the U.S. Federal Reserve will keep rates unchanged this month. Spot gold moved toward $4,180 an ounce. The shift followed remarks by Fed Chair Kevin Warsh, which led investors to cut expectations of a near-term hike. Traders are now watching the next FOMC meeting and the U.S. PCE inflation report. Other precious metals also gained.