economy
Stock futures rise as Fed hints at possible rate hike in 2026; Kospi hits over 9,000 for the first time: Live updates
After hitting a fresh intraday all-time high, the Dow Jones Industrial Average ultimately closed more than 500 points lower on Wednesday.
TL;DR
- U.S. stock futures indicated a higher opening on Thursday following the Federal Reserve's hint at a possible rate hike in 2026.
- Asia-Pacific markets opened mixed, with South Korea's Kospi and Japan's Nikkei 225 reaching new record highs.
- The Federal Reserve kept its benchmark federal funds rate unchanged but policymakers' "dot plot" suggested several officials now anticipate interest rate increases in 2026.
- Following the Fed meeting, U.S. stocks fell across the board, with the Dow, S&P 500, and Nasdaq Composite all closing lower.
- Bond yields increased, with the two-year Treasury yield reaching a high of 4.22%.
- Foreign entities are increasingly investing in China's domestic bond market, attracted by low borrowing costs and the yuan's status as a funding currency.
- South Korea's SK Hynix advanced to a fresh record high after announcing the supply of samples for its new HBM4E memory chip.
- Wednesday marked the worst performance for the S&P 500 on a 'Fed day' under a new chair since 1994.