Before FOMC Results, Uptrend 'Pauses'... KOSDAQ Falls Below 900

[Asia Economy Reporter Minji Lee] Ahead of the September FOMC (Federal Open Market Committee) results announcement, the KOSPI, which had been rising for four consecutive days, closed lower as investors took a wait-and-see stance. The KOSDAQ index fell below the 900 mark due to increased selling pressure from foreigners and institutions in the final moments of trading.

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On the 16th, the KOSPI closed at 2435.92, down 0.31% (7.66 points) from the previous session. The KOSPI showed a slight decline in the early session but fell further in the afternoon as institutional selling intensified. In the KOSPI market, foreigners and individuals bought stocks worth 175.3 billion KRW and 158.2 billion KRW respectively, while institutions sold stocks worth 328 billion KRW alone.

Among the top market capitalization stocks in the KOSPI market, Samsung Electronics closed at the same price as the previous day, while Samsung Biologics (0.39%), Celltrion (0.34%), and Hyundai Motor (2.51%) rose. On the other hand, LG Chem (-5.37%), Naver (-1.60%), and Kakao (-1.05%) declined.

Lee Kyung-min, a researcher at Daishin Securities, explained, "The KOSPI showed limited movement as it awaited the September FOMC, while the KOSDAQ index surpassed the 900 mark during the session supported by net buying from individuals. However, semiconductor and IT components fell by 1.44% and 1.43% respectively, narrowing the gains."

The KOSDAQ index closed at 896.28, down 0.35% (3.18 points) from the previous session. The index started the day at 901.75, up 0.25% (2.29 points), but turned downward in the afternoon due to selling pressure from institutions and foreigners.

In the KOSDAQ market, individuals alone bought stocks worth 186 billion KRW, while foreigners and institutions sold stocks worth 17.7 billion KRW and 140.8 billion KRW respectively.

Among the top market capitalization stocks in the KOSDAQ market, Celltrion Healthcare and Celltrion Pharm closed at the same prices as the previous day, 99,700 KRW and 119,000 KRW respectively. Seegene (5.73%), Alteogen (1.56%), and HLB (2.09%) rose.

This content was produced with the assistance of AI translation services.