Woofun AI reports that US June CPI data fell below forecasts, reducing expectations for imminent Federal Reserve rate hikes and driving global risk assets higher. The South Korean KOSPI index surged more than 7% intraday after opening on Wednesday, activating the Korea Exchange's circuit breaker mechanism while KOSDAQ simultaneously halted programmatic trading.

Semiconductor equities led the market advance, with SK Hynix ADRs rising 27% in US overnight trading, lifting its domestic share price by approximately 10%. Analysts observe that SK Hynix's ADR listing has intensified price linkage between US and Korean markets, potentially facilitating cross-border volatility transmission. Despite eased inflation concerns, institutions warn that Middle East tensions, rising oil prices, and AI-related inflationary pressures may still limit the Fed's future policy flexibility.