Shares opened sharply higher, tracking overnight gains on Wall Street, after the U.S. Federal Reserve lowered its benchmark interest rate by a quarter-percentage point. The Korean won also sharply gained against the greenback.

The Fed’s announcement that it was easing its main interest rate caused few ripples in the market because even the size of it was so well anticipated by investors. The central bank began easing rates in September and indicated that more cuts were likely as it focuses more on keeping the job market humming after helping get inflation nearly down to its 2% target.

Members of media stand near the screens showing the Korea Composite Stock Price Index (KOSPI), left, the foreign exchange rate between U.S. dollar and South Korean won and the Kor

Shares on Wall Street scaled record highs on Thursday, lifting stock markets around the world, while U.S. Treasuries yields retreated as investors processed a second Donald Trump presidency and awaited a Federal Reserve policy decision.

The stock market was mostly higher to start the day on Thursday as Wall Street turned its attention from the presidential election to the Federal Reserve’s looming interest-rate decision. After posting its best post-election-day move since 1896,

U.S. stocks are ticking higher after the Federal Reserve cut interest rates for a second straight time, just as everyone expected. The S&P 500 rose 0.6% Thursday and moved little

Wall Street's main indexes held on to their gains on Thursday in the run-up to the Federal Reserve's interest-rate decision, extending a sharp rally sparked by Donald Trump's stunning comeback as U.S.