As of January 24, 2025, South Korea's KOSPI index closed at 2536.8, marking a 0.85% increase, despite the backdrop of significant global monetary policy shifts. This uptick comes just ahead of the Lunar New Year celebrations, indicating a period of cautious optimism among investors [12ad863f].
On the same day, Japan's Bank of Japan (BOJ) raised its interest rate by 0.25% to 0.5%, marking the first increase in 17 years. This decision has drawn attention as it follows a tumultuous period in the markets after last year's BOJ rate hike [12ad863f].
In the United States, the Federal Open Market Committee is set to meet on January 30, where it is expected to maintain current interest rates. This meeting is highly anticipated, especially with major tech earnings announcements scheduled for the same week, which could further influence market dynamics [12ad863f].
Former President Donald Trump has recently called for global rate cuts and lower oil prices, shifting the market focus from his influence to the upcoming monetary policy events in both Japan and the U.S. [12ad863f].
The KOSPI's performance reflects a broader trend of resilience in South Korea's financial markets, as investors monitor the implications of these global monetary policy changes and their potential impact on local economic conditions [12ad863f].