India, Sept. 17 -- Korea Stock Market (KRX) Today (September 17): South Korean stocks began Thursday, September 17, on a strong note, but the early rally quickly ran into resistance as investors weighed the US Federal Reserve's latest rate hike against continued foreign selling. The KOSPI jumped 0.91% at the open to 6,779.02 and briefly touched 6,795.53, while the KOSDAQ also moved higher.

However, the gains narrowed as the session progressed, showing that investors remained cautious despite strength in technology, defence and shipbuilding shares.

The market's initial reaction came after the Federal Reserve raised its benchmark interest rate by 25 basis points to 3.75%-4%, its first rate increase in more than three years. South Korean i...