US FOMC Caution Grows... KOSPI Declines Widen by 1%

[Image source=Yonhap News]

[Asia Economy Reporter Ji Yeon-jin] The domestic stock market is widening its losses in the afternoon of the 17th. Market caution is increasing ahead of the U.S. Federal Open Market Committee (FOMC) decision.

As of 2:03 PM on the day, the KOSPI index stood at 3,036.41, up 30.03 points (0.98%) from the previous day. Individuals net bought stocks worth approximately 10.6 billion KRW, while foreigners and institutions net sold 47.86 billion KRW and 57.69 billion KRW, respectively.

Among the top KOSPI stocks, most are declining except for Kakao (0.84%). In particular, LG Chem (-4.83%) and Samsung SDI (-6.32%) are sharply down following Volkswagen's announcement to replace electric vehicle batteries. Samsung Electronics (-0.60%), SK Hynix (-1.07%), Naver (NAVER -1.04%), and Hyundai Motor (-1.50%) are also showing weakness.

At the same time, the KOSDAQ index is down 2.66 points (0.28%) at 937.96. Individuals net bought stocks worth about 21.98 billion KRW, while foreigners (-10.62 billion KRW) and institutions (-9.92 billion KRW) showed selling pressure.

Among the top KOSDAQ stocks, Alteogen (0.26%), Kakao Games (0.98%), and Seegene (2.44%) are rising, while Celltrion Healthcare (-2.35%), Celltrion Pharm (-2.16%), Pearl Abyss (-2.78%), and SK Materials (-3.13%) are declining.

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