Seoul shares open higher on U.S. rate cut hopes
South Korean shares opened slightly higher Monday amid growing hopes for a U.S. rate cut. The benchmark Korea Composite Stock Price Index (KOSPI) added 2.85 points, or 0.11 percent, to 2,704.54 in the first 15 minutes of trading. The increase follows sharp gains on Wall Street, prompted by remarks from U.S. Federal Reserve Chair Jerome Powell that hinted at the