STOCKS | KOSPI Rises 1.27% as Chip Stocks End Four-Day Losing Streak

South Korea's KOSPI index rebounded on Wednesday, closing up 1.27% at 6,711.45 after four straight sessions of declines. According to Sina Finance, the Korea Exchange's latest official data showed the index opened down 0.2% at 6,611.24, traded higher during the session, and briefly touched 6,714.75. Chip stocks led the market, with semiconductor giants including Samsung Electronics and SK Hynix drawing strong technical buying after days of selling. According to Sina Finance, a source said SK Hynix's labor union in South Korea approved a tentative wage agreement with management on Wednesday. Market sentiment remained cautious despite the rebound, with analysts saying risk appetite was still under pressure. According to Sina Finance, global and South Korean bond yields remained elevated, and investors were also watching the Federal Reserve's meeting on Wednesday local time, where it was widely expected to announce a rate hike and possibly another increase by the end of March. Separately, South Korea postponed a scheduled September 17 briefing to parliament on the first project under its $350 billion investment plan for the United States. According to Sina Finance, the Ministry of Trade, Industry and Energy asked two parliamentary committees to delay the closed-door briefing, which could push back the signing of related South Korea-U.S. agreements and the announcement of the project. South Korea's foreign ministry also said Foreign Minister Cho Hyun will visit the United States this week and meet U.S. Secretary of State Marco Rubio on Friday.