GENERAL17 Sept 2026
Kospi Index vs Taiwan Index: Which Asian stock market remained unimpacted after US Fed FOMC rate hike decision? | Stock Market News
The US Federal Reserve raised interest rates by a quarter point to 3.75%-4%, its first hike since 2023. On September 17, South Korea's Kospi slipped 0.04% on foreign selling and a stronger dollar, while Taiwan's TAIEX rose 0.96%, helped by chip maker TSMC. Indian investors should expect similar global swings, so review your holdings calmly instead of panic selling.
Key Statutory Highlights
- The US Federal Reserve raised its benchmark rate by 25 basis points to a range of 3.75% to 4%, the first such hike since 2023.
- South Korea's Kospi closed 0.04% lower at 6,715.41, weighed down by foreign institutional selling and a stronger US dollar.
- Taiwan's TAIEX ended 0.96% higher at 46,288, driven by tech firms such as TSMC, which carries nearly 40% of the index's weight.
Actionable Advice for Taxpayers / Founders:If you hold global or tech-heavy funds, review your exposure with your advisor and avoid acting on one day's movement. Also note the source mentions projections of one more possible rate hike later in 2026, so plan for continued volatility rather than assuming rates have peaked.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
Share: