South Korean stocks rose for the second consecutive day on Thursday, driven by the US Federal Reserve's indication of a potential rate cut in the future. The benchmark Korea Composite Stock Price Index closed at 2,777.68, marking a 0.25 percent increase following a 1.19 percent rise the day before. Trade volume was moderate, with gainers outnumbering losers, and foreign investors played a significant role in the bullish market, acquiring a net 442 billion won worth of local shares. The US central bank maintained its key rate in the 5.25-5.50 percent range at its rate-setting meeting on Wednesday, but Chair Jerome Powell suggested that a reduction in the policy rate could be considered at the upcoming meeting next month if inflation continues to decline. In Seoul, most shares ended positively, with battery and steel companies experiencing gains, while chipmakers saw a decline. Additionally, the local currency strengthened against the US dollar, trading at 1,366.2 won as of 3:30 p.m., up 10.3 won from the previous session.