00:06The Fed just hiked rates for the first time in over three years,
00:10and the one jumped 13.61 against the dollar in a single day. The Kospi barely blinked at the
00:17hawkish Fed decision, but oil prices are the real thing standing between it and breaking out of its
00:23range. History says stocks actually doubled during past rate hike cycles, not crashed. And Doosan just
00:31committed a record 1 trillion won to expand production of a key AI chip material. It's Friday,
00:39September 18th. Here's what today's story could mean for the Korean market. The Fed's first hike
00:45in over three years was largely priced in by markets well before the decision, which is why
00:51the shock to Korean equities was limited. Meanwhile, oil prices and the ongoing Middle East
00:57conflict have become the dominant variable for where the Kospi goes next, arguably more important
01:03than the Fed itself right now. And history offers a useful reality check. Past rate hike cycles have
01:11coincided with rising, not falling, tech stocks. Here's what the numbers show. The Fed raised rates
01:190.25 points to 3.75 to 4.00 percent, its first hike in three years and two months, with
01:29the dot plot
01:29signaling one more hike possible this year, sending the one up 13.61 to 1,382.2 against the dollar
01:39in a
01:40single day. The Kospi closed down just 0.04 percent at 6,715.41, despite the hawkish Fed decision.
01:50As foreign investors sold 2.28 trillion won and pulled their monthly total to 12.86 trillion won,
01:58while investor deposits fell back below 100 trillion won. Strategists say the Kospi could reach 8,500
02:07if the Middle East conflict doesn't escalate further, but could stay capped near 6,000 if Brent crude stays
02:14above $100 for more than two to three months. Nasdaq rose in all four of the last three decades major
02:23rate hike cycles, including an 88% gain during the 1999 to 2000 dot-com hiking cycle, with market
02:32corrections historically arriving after rate cuts began, not during hikes. Doosan will invest about
02:40970 billion won in copper clad laminate production for AI chips in Korea and China, targeting 2028
02:49operation as the global CCL market grows 52% to $32.95 billion by 2034, with Nvidia among its customers.
03:01So what does this mean for investors watching the board today? Earlier, we said the Kospi barely
03:07blinked at the hawkish Fed decision. Here's what that actually means for you. Most of this hike was
03:14already priced in, so the market's real attention is on oil prices, and the Middle East conflict,
03:21which strategists say will determine whether the Kospi breaks toward 8,500 or stays capped near 6,000.
03:30Historical rate hike cycles have actually coincided with rising tech stocks, not falling ones,
03:36so the more important signal to watch is when rate cuts eventually begin, not the hikes themselves.
03:43This is market context, not investment advice. What to watch?
03:49Oil prices and any signs of de-escalation or further escalation in the Middle East conflict.
03:56Whether the Fed delivers a further hike at its October or December meeting, as the dot plot suggests.
04:03And whether foreign selling in Korean stocks eases, as FOMC-related uncertainty clears.
04:09That's today's AI Prism, stock investors. This episode was produced with AI assistance based on
04:17Seoul Economic Daily reporting and reviewed by a human editor. AI Prism is a Juan Efra award-winning
04:25series. We'll be back tomorrow. You've been listening to AI Prism from Seoul Economic Daily.
04:31You've been listening to AI.
04:33You've done this today,
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