The South Korea stock market has been on the rise, gaining almost 35 points in three straight sessions. The KOSPI closed just above 2,890 points, with financial, technology, and industrial sectors leading the way. However, profit-taking may slow down the rally on Friday. On Wall Street, major averages saw a mixed day with the Dow slightly up, while the S&P and NASDAQ fell. Traders are anticipating a rate cut in September, following a report of lower prices in the U.S. Oil futures closed higher on hopes of a rate cut by the Federal Reserve, with WTI crude oil settling at $82.62 a barrel.
Read more at Nasdaq: KOSPI May Run Out Of Steam On Friday
