Domestic Stock Market Maintains Cautious Stance Ahead of FOMC... KOSPI Starts Flat

[Asia Economy Reporter Ji Yeon-jin] The domestic stock market started slightly higher on the 17th ahead of the U.S. Federal Open Market Committee (FOMC) meeting, but turned lower shortly after the opening due to selling pressure from foreigners and institutions.

[Image source=Yonhap News]

The KOSPI index began trading at 3,067.76, up 0.59 points (0.06%) for the day, but turned downward in the early 30 seconds. As of 9:10 a.m., the index was trading at 3,053.72, down 0.43% (12.45 points) from the previous day.

At the same time, the KOSDAQ index was trading at 939.57, down 0.11% (1.08 points). The index had opened at 941.63, up 0.55 points (0.02%).

In the market, as the U.S. stock market showed mixed trends with growth stocks centered on technology performing strongly amid rising uncertainty ahead of the FOMC, while value stocks fell sharply due to slowing economic indicators, it is expected that the domestic stock market will also experience fluctuations depending on individual stock issues.

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