Nikkei 225, KOSPI Hit Record Highs as Fed Holds Rates at 3.5%-3.75%

Japan’s Nikkei 225 and South Korea’s KOSPI hit all-time highs on June 18, even after Wall Street’s worst Federal Reserve day under a new Fed chair since 1994. According to BeInCrypto, Fed Chair Kevin Warsh held rates steady at 3.5% to 3.75%, but the dot plot showed the median year-end projection rising to 3.8% from 3.4% in March. Nikkei crossed 71,000 for the first time and Topix rose, while KOSPI set its own record as SK Hynix jumped 3.45% after shipping HBM4E samples to customers including Nvidia; Samsung Electronics added 1.23%.