South Korean stocks closed higher Friday amid expectations the U.S. Federal Reserve will start its rate-cutting cycle in 2024. The local currency inched down against the U.S. dollar. The benchmark Korea Composite Stock Price Index gained 19.38 points, or 0.76 percent, to close at 2,563.56. Trade volume was moderate at 458.2 million shares worth 12.7 trillion won ($9.8 billion), with winners outpacing losers 498 to 37...