# Seoul Stocks Poised for Third Straight Rally

South Korea's KOSPI is riding a two-day winning streak, up nearly 115 points (+2.9%) and eyeing higher ground Thursday. The benchmark closed Wednesday at 3,960.87, jumping 103.09 points (+2.67%) on broad-based strength across financials, tech, and industrials.

**Market movers:**
- Gainers outnumbered decliners 771 to 125
- Trading volume: 291.5M shares (15.6 trillion won)
- Wall Street delivered the green light—Dow +0.67%, S&P 500 +0.69%, NASDAQ +0.82%

**The setup:** Fed rate-cut odds just spiked. CME's FedWatch Tool now shows 82.9% probability of a 0.25% rate cut next month, up from 30.1% just a week ago. That shift is fueling risk appetite across global markets.

**US economic data came in mixed:**
- Durable goods orders beat expectations in September
- Jobless claims dipped unexpectedly last week
- Oil jumped 1.05% to $58.56/barrel on Ukraine war ceasefire doubts

**Locally:** The Bank of Korea wraps up its policy meeting Thursday morning. The BoK is expected to hold its benchmark rate at 2.50%, but watch for any forward guidance shifts given the global rate narrative.